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2022 looks set to be worse for shippers than 2021

Continued high-level US import and problems with coronavirus outbreaks in China seem to maintain container rates and bottlenecks at top levels in 2022, writes Sea-Intelligence.

Photo: Lucy Nicholson/Reuters/Ritzau Scanpix

For shippers depending on sea transport, the 2022 container market is very likely to become even worse than 2021, which was highly affected by delays, bottlenecks and sky-high rates, expects analyst firm Sea-Intelligence.

"2022 has clearly gotten off to a rough start, when seen from a shipper perspective. Freight rates continue to increase, as per most overall rate indices, and congestion issues appear to get worse and not better," writes Sea-Intelligence in a new update on the development on the container market.

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Container reliability hit new low at the end of 2021

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.

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