Equipment shortages lead to more boxes being shipped on other vessels than planned

The shortage of empty containers has put shipping companies and ports under pressure, and this has led to shippers increasingly experiencing that their cargoes are shipped by other ships than originally planned, shows new analysis.

Photo: PR / Cosco Shipping

Shippers are increasingly seeing their cargoes being shipped by other vessels than originally planned due to the global shortage of empty containers, shows a new analysis by Ocean Insights, a German analyst and consultancy firm for shippers.

The lack of empty containers has been a hot topic in recent months. Following the coronavirus crisis, demand for Chinese goods has soared, leading to a significant jump in demand for container freight. But this demand shift has led to equipment shortages in several places around the world, ultimately causing problems for the shipping lines' customers.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs