Loss of effective container capacity driving record spot rates

Written By Destine Ozuygur

Peter Tirschwell - September 7, 2021

“With a record vessel backup of 47 container ships waiting outside the ports of Los Angeles and Long Beach during the Aug. 28 and 29 weekend, the core problem facing container logistics — the slowdown in the circulation of ships, containers, and chassis that is draining capacity and driving spot rates to record levels — is clearly worsening.”

See the original story at: JOC.com

Destine Ozuygur
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