Perfect Storm: Congestion Plagues South China And US West Coast Ports
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
by Tyler Durden Tuesday, May 25, 2021 - 07:45 PM Last week's good news of easing vessel congestion earlier this month outside the busiest U.S. gateway for trade with Asia showed a glimmer of hope that supply chain disruptions could subside had flipped last week as more containerships join the queue. Bloomberg data shows the number of containerships queuing off the coast of Los Angeles reached the highest in two weeks. As of Sunday, 21 containerships were anchored waiting for entry into L.A.-Long Beach, compared with 19 a week earlier. The bottleneck peaked at around 40 vessels in the que...