New port strategies needed with congestion worst at larger facilities

China 2673 Corp - Ports 806 Corp - Shipping 840 Mode - Containerized 1309 Mode - Seaborne 1637 Quote Watch 284 U.S. 4748

Hapag-Lloyd has detailed a series of congestion issues at North American ports including delays at Los Angeles / Long Beach expected to last until February and hold ups of several days at New York. A COVID-19 linked shortage of staff and a 20.6% year over year surge in U.S. seaborne imports in December have been the major drivers. The lunar new year holiday in China, this year held in mid-February, normally leads to a seasonal lull in shipping which may reduce the demand side challenge through March. The congestion challenges have been exacerbated by the traffic boom being focused on the...

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