Container chaos will take through to Q3 to resolve: TPM

Stacked containers

Shippers have been told they’ll need to wait through to the second half of the year before any semblance of normality returns to container trade flows. The CEOs of three of the world’s leading global carriers – Ocean Network Express (ONE), Hapag-Lloyd and Maersk – have been speaking at TPM, the world’s top container shipping event, organised by the Journal of Commerce, during which they discussed the current supply chain logjam and potential routes out of the ongoing container crunch.

Jeremy Nixon, the CEO of Japanese carrier ONE, discussed issues relating to terminal productivity in North America, which lag Asian counterparts by up to 50% thanks to less working hours.

Splash has reported repeatedly on the record ship queues at ports on both North American coasts in recent weeks.

When quizzed as to when normal cargo flows would return on the transpacific, Nixon said that because of all the ships alongside or at anchor in North America: “We’re actually running out of ships in Asia.”

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Source: Splash 24/7