Global Shipping News 2021 – February Newsletter
Global Shipping News 2021 Star International Global Relocation Port Arial view There have been quite a few developments since our last newsletter and things do continue to change rapidly. Shipping continues to be challenging globally, with the West Coast ports impacted by heavy congestion due to the incredible number of imports. This is causing major transit time delays, as well as chassis availability to handle the containers and causing additional port demurrage and chassis charges. This congestion is closely tied to the increased global demand for Asian exports, coupled with reduced sailing frequencies and the large number of empty containers being held back in EU and US ports, which has created a significant container shortage in Asia. This is leading to shipments being rolled over for weeks, thereby lengthening transit time. Due to limited space, shipping lines are now charging rates that are 200% higher compared with this time…