While more vessels could be added to the global fleet next year, this does not mean that freight rates will drop broadly as it depends on how ship carriers allocate increased vessel capacities, he told the S&P Global Platts Bunker and Shipping Summit. Labor shortages And it could get worse. Rising prices and reports of empty shelves in major economies have drawn attention to the functioning of supply chains that normally operate smoothly in the background. This website uses cookies to improve your experience while you navigate through the website. Live tracking of 200000+ shipments/month from 350+ carriers on our platform, Provides position of Shipment tracked over time, Gocomet's proprietary Machine Learning algorithm tracks delays at each port over time, AI calculates congestion as the difference of actual arrivals on port & planned arrival schedules from carriers, This index helps foresee delays and bring efficiency to your Supply Chain. *Continuous vessel delays and port congestions are expected. A dialogue was held with trade associations, business chambers and the shipping community to clarify issues and assure that SPSB is committed towards ensuring operational efficiency at SBCP at all times. This article will explain why you need to know about port congestion in 2022, and the best practices retailers can take to mitigate its effects. content This optimism is shown in forecasts for containerized cargo volumes this year which are projected to grow, despite risks to global trade including geopolitical tensions. Given this major increase of waiting containers week over week, we're. Global shipping rates are at an all-time high, and there is a shortage of containers. You also have the option to opt-out of these cookies. Ocean carriers and freight forwarders report that there are enough ships and containers to handle even the elevated demand. It is not a multipurpose port as it deals only with containerised goods. The causes are varied and complex labor disruptions, cargo surges from big ships, infrastructure needs, marine terminal productivity, and equipment shortages, among other reasons. MIDF Research expects MMC Corp to record a three percent growth year-on-year in TEUs (twenty-foot equivalent unit) this year, which will be driven by a 10 percent year-on-year recovery of container throughput and conventional cargoes for the groups smaller ports including Penang Port and Johor Port in comparison to a contraction of 17 percent year-on-year in 2020. Sailing will resume in Week 7. Gap loaders have been deployed to cater to Ramadan. It also has more than 4000 reefer connections. Port Congestion Finally Clears Up. PDRM launches Op Lancar to ensure smooth traffic flow | Malaysia | The
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