PRESS ROOM

The Container News website reports that the latest port throughput figures reflect the disruption caused by various unexpected events that disrupted supply chains and caused congestion at key terminals around the globe, boosting shipping lines’ income, and making shippers wary of similar crises.

This was of great interest for the U-Freight Group with our string presence in the international container shipping market, including LCL and FCL import and export operations around the world, as the article also showed how disruptive events, including the pandemic and wars in Ukraine and the Middle East, not to  mention the Ever Given blocking of Suez and drought affecting the Panama Canal have all contributed to the sometimes chaotic and volatile supply chains.

The report added that turmoil has been a major challenge for the industry as reflected in the latest port volume figures released by Alphaliner this week, which show the effects of shippers front  loading peak season freight.

U-Freight has seen the industry experience a rollercoaster ride since the currency crisis of 2008, but that the last five years have been particularly volatile.

Alphaliner reported that six of the top eight ports were Chinese, Singapore was second and Busan seventh, with first-half volume increases ranging between 4.4% at Guangzhou and 14.9% at Shenzhen. Next on the list is the combined LA ports of Los Angeles and Long Beach, which also recorded a 14.7% increase in cargo volumes.

The Container News article can be read in full at the following link:

https://container-news.com/shifting-routes-and-early-peak-reflected-port-volumes-boost/

For more information about our ocean freight forwarding and logistics services, please visit the relevant pages of this website, or contact your local office, which can be seen here: https://www.ufreight.com/en/location