Analysts are announcing that container shipping costs and service levels are at risk of spiraling out of control. As well as a massive withdrawal of capacity since the start of the Covid-19 crisis – 468 blanked departures on east-west (US to China) trades – the analyst said schedule reliability had been “extremely low”.
The blanked sailings and poor reliability has naturally resulted in widespread rollovers, with up to 83% of importers advising that they had seen their cargo rolled.
“So our view is that rollovers are a key issue which has been exposed by the recent crisis – this is the new reality of a much more concentrated marketplace in which shipping lines have more power,” analyst said
Importers and exporters world wide are being asked to brace for continued disruptions.
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Source: gcaptain.com
