Port congestion and rising freight may become the main theme in the first half of 2022

At present, the term “congestion” is frequently mentioned. Port congestion has spread to major ports around the world, and
more and more container ships on five continents are waiting for berths. As of the latest data, there are currently 328 ships stranded in ports around the world, and 116 ports have reported problems such as congestion. Griff Lynch, executive director of the Georgia Port Authority, said strong demand for imported goods may continue until 2022. Because during the uneven rebound of the epidemic, there are now a total of 184 countries (regions) with confirmed cases. Many companies are scrambling to rebuild inventories. Strong demand for imported goods may continue until 2022. In recent weeks, due to the rampant epidemic, ports in many other countries and regions have also faced tremendous pressure. The risk of further outbreaks in major hub ports has always existed, especially considering the epidemic of new virus mutations, and the tight shipping capacity has pushed up shipping rates to Four times the number before the pandemic. The reliability of the shipping schedule is still far below the level before the epidemic.Considering the rapid growth of freight volume, the full-load operation of many terminals, and the continuing problem of equipment repositioning, it is difficult to see a substantial improvement in the situation in the short term. Due to the impact of the epidemic, many ports have been forced to blockade, and more and more ships are waiting to call. The number of ships waiting outside the two major ports of Asia, Singapore, and the two largest maritime gateways in the United States, Los Angeles and Long Beach, has doubled, and the detention time of containers at various terminals has also been increasing. Port congestion and rising freight rates may become the main theme in the first half of 2022.

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Post time: Aug-02-2021
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