Drewry: Moderating Growth Will Still Give Lines $200B Profit for 2022
The worlds container carriers smashed records in 2021 leading to reports of dramatic profit increase...
Source: maritime-executive.com
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Containers blocked at global ports; costs up 9 times – Shipping researcher | Hellenic Shipping News Worldwide
Containers blocked at global ports; costs up 9 times – Shipping researcher Rates for container shipping have skyrocketed up to nine times regular levels, as global container blockages keep goods stuck in ports. There are reports of fruit rotting in containers waiting offshore to be unloaded, and companies like Ikea that depend on uninterrupted deliveries are seeing their shelves empty out. Cyprus ports have been spared such congestion up to now. But there are more than 30 container ships blocked at Los Angeles ports every day. Of the 20 major global container ports, 75 per cent saw an incre...
Source: hellenicshippingnews.com