The liner shipping industry is facing unforeseen heavy port congestion & vessel delays worldwide.
The situation is adding to the severe lack of tonnage forcing carriers to blank sailings from China just at the time when these sailings could be generating record revenues.
The twin US ports of Los Angeles and Long Beach are the worst hit as they are receiving unprecedented volumes of imports just at the moment when COVID19 has reduced the number of dockworkers and truckers.
Waiting times for container ships now often exceed a week.
In order to continue to offer weekly sailings carriers are being forced to extend the round voyage time of their services by at least a week, necessitating an extra ship per service.
Source: Alphaliner
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