Container shipping rates will not return to pre-pandemic low levels

Posted July 06, 2022 at 12:07 pm

Port congestion should ease next year as new container ships are delivered and capacity demand falls from the highs seen during the pandemic, but not enough to restore global supply chain flows to where they were. before the Covid-19 pandemic. According to Tim Scharwath, executive director of DHL Global Forwarding, Freight, the phenomenon "will ease in 2023, but it will not return to 2019", the last year marked by an oversupply of ships and container space. “I don't think we're going to go back to this overcapacity situation where rates were very low. Infrastructure, especially in the US, is not going to improve overnight, because infrastructure developments take a long time,” he told Bloomberg. The pandemic and related restrictions caused a shortage of workers and truck drivers in several major world ports in 2021, slowed the movement of cargo at ports and pushed container shipping rates to record levels, with China's spot rates falling. to Los Angeles more than eightfold to $12,424 in September.

Dejar un comentario: