About 10% of the world's container ship fleet is immobilized due to port congestion in China and other parts of the world, according to Ocean Networking Shipping (ONE).
ONE CEO Jeremy Nixon said at the Marine Money conference in Singapore on April 5 that container ships are stuck waiting in congested areas and consuming a lot of fuel if the bottleneck can be solved to get services on time again.
According to the U.S. Department of Agriculture, there were 5,587 vessels in the global container fleet carrying 24.7 million containers last year, according to Bloomberg Intelligence.
The new crown epidemic has entered its third year, and the global supply chain is still affected by labor shortages and outbreaks. Industry insiders say that while congestion at U.S. West Coast ports has finally eased after months of delays, blockades in cities such as Shanghai and Shenzhen have increased queues for ships off the coast of China, which could exacerbate cargo delays in the coming months. and will push up shipping costs.
