Asia port disruption ties up 3 million TEU of box capacity
Asia port disruption has tied up 3 million TEU of box capacity. Global container shipping reliability is at its lowest level in four years, the worst since 2022, and DP World calls the situation a 'new normal'.
The Loadstar attributes the reliability decline to the congestion that is causing the port disruption in Asia. It notes that the disruption has removed roughly 3 million TEU of box capacity from the active fleet. DP World describes the ongoing delays and reduced reliability as a 'new normal' for the industry. For ecommerce businesses that rely on Asian imports, the backlog means fewer available sailings and potential delays in receiving goods.
“'a new normal',” DP World said.
What we know
Delays mount as port disruption in Asia ties up 3m teu of box capacity
Box shipping reliability the worst since 2022 – 'a new normal', says DP World
Global container shipping reliability is at its lowest level for four years, as the congestion