Containership capacity equivalent to 12.5% of the global fleet is unavailable due to delays caused by congestion in ports, despite the increase in the amount of deployed tonnage.
An analysis by Sea-Intelligence showed that the amount of additional capacity required to meet demand is being outstripped by the amount of capacity being held up out of service.
“The impact in late 2020 and first half of 2021 was followed by a small improvement in spring,” CEO Alan Murphy. “However, neither did that solve the issues, nor did it last very long.” “The latest data show the situation being worse than in the beginning of the year and far exceeding the situation with bottlenecks in early 2015.”
On the transpacific, this meant that despite the injection of vessel capacity, the cargo carrying capacity on a roundtrip basis had declined by 20% when looking at Y/Y and 10% when looking at the annual average over the past two years.
Lloyd’s Loading List