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Grab the box! Capacity is tight, empty container shortage!
Jan 23, 2024|
View:153Since mid-December, the situation in the Red Sea has continued to be tense, with a series of problems such as ship diversion, freight price skyrocketing, and ship delay/cancellation coming one after another. As a key link in the supply chain, the problem of the lack of containers has become increasingly prominent, and the shortage of containers has begun to affect the shipping industry.
Empty containers arriving in Asia ahead of the Lunar New Year are about 780.000 TEus short of usual, a factor pushing up spot rates.
The director of one freight forwarding company said that despite predictions in the past few weeks, the shortage could catch the entire industry off guard.
"At major ports in China, it is becoming more and more difficult to obtain 40-foot tall containers and 20-foot TEUs."
"There are no new empty boxes," he said. "There are 'out of stock' signs on the doors of rental companies."
Other freight forwarders have experienced similar problems, with the Red Sea crisis exacerbating structural inefficiencies in empty container shipping.
People in the logistics industry pointed out that the empty container ship phenomenon means that the big ship can not call at the port, which is a huge challenge for foreign trade enterprises and logistics operators to face no room to book. Moreover, the global consolidation industry has begun to respond to market changes and has adopted a series of capacity adjustment measures.
For this market change, a freight forwarder said: "If there is a shortage of empty boxes, there is no good way, boxes are first come first served."
