Container chaos as COVID, industrial action, weather cause perfect storm for import and export delays
ThuThursday 18
updated
ThuThursday 18
FebFebruary 2021 at 7:24am
Fish feed producer BioMar Australia is among the local businesses struggling to get key ingredients amid international shipping delays.
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A perfect storm of events is causing big delays to international shipping and pushing up the costs to get goods in and out of Australia.
Key points:
Companies are paying more to import and export goods
The delays are causing container shortages across the shipping industry internationally
The pandemic caused havoc to the flow of goods across the globe, with shutdowns, booming ecommerce, the collapse of air travel, industrial action and a shipping container shortage leading to higher freight prices and delays.