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Suez Canal blockade exacerbates container shortage in Asian ports


Suez Canal blockade exacerbates container shortage in Asian ports
Most Asian ports are currently facing a container shortage that is expected to worsen as a result of the blockade of the Suez Canal by the grounding of the Ever Given container ship for almost six days. In fact, Maersk has already announced that they expect a 30% reduction in capacity in the coming weeks, as the vessels that were held up on the Canal will delay their return to Asia.
Furthermore, according to estimates, there will be a considerable number of delayed empty containers because the majority of ships sailing from Asia to Europe have a capacity that ranges between 18,000 TEU and 24,000 TEU. As noted by maritime industry analyst Jon Monroe in his weekly report, most Shipping lines will have this problem. In fact, the port call schedules of ships in Asia are already out of sync. ....

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