Massive congestion in Long Beach is the wild card in the container sector
The large buildup of container ships off Long Beach and Los Angeles is having a ripple effect throughout the container sector, where an alliance has recently heralded canceled sailings. The bottlenecks are the wild card that will decide when the market normalizes, say Flexport and shipping analyst.
by SØREN PICO
Massive bottlenecks outside of the US ports in Long Beach and Los Angeles represent a wild card in terms of when the red-hot container market will cool down again.
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