VESSEL SPACE SHORTAGE

The following article is from International Freight World (IFW).

IFW readers believe economic recovery limited by recent logistical challenges.

The recent shortage of vessel capacity has restricted global trade, according to IFW readers.

In last week’s poll, 63% of 232 voters said they felt the tight capacity situation – created by carriers laying up vessels and unexpected volumes – experienced on the Asia to Europe and Asia to US routes had restricted trade.

While, the problem has eased on the Asia-Europe trade because carriers have started to re-introduce vessels, and the backlog of cargo following the pre-Chinese New Year rush has been cleared, problems continue on the transpacific trade.

It has even prompted the US Federal Maritime Commission (FMC) to launch an investigation into ocean capacity and container availability.