Home Industry News Operations Shipments Delayed: Ocean Carrier Shipping Times Surge in Supply-Chain...

Shipments Delayed: Ocean Carrier Shipping Times Surge in Supply-Chain Crunch

-

Cargo ships have been delivering their loads later than ever this year, adding to the supply-chain woes that are undercutting efforts by retailers and manufacturers to capitalize on resurgent economic demand.

Only about 40% of container ships globally were on time arriving at ports in March, according to an analysis by Denmark-based Sea-Intelligence ApS, with average delays stretching to more than six days. The slowdowns improved from February, but remained far behind reliability levels of the previous two years, when more than 70% of ships arrived on time.

The delays around the world, the result of a large-scale restocking by businesses as consumer demand improves, are tying up vessel capacity, adding to a shortage of sea containers needed to move goods and sending shipping costs soaring as container freight rates rise at a historic pace.

 

 

Related Posts

Latest Updates

TSMC Considers EMEA and APAC expansion

Taiwan Semiconductor Manufacturing Co. (TSMC), the industry leader in chipmaking, renowned globally for providing the cutting-edge silicon components that make smart technology, ranging from cars...
X