FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» JKH Trading Higher PER 30. Is it Fairly valued??
by LAMDA Today at 8:23 pm

» Access Engineering awarded two more contract packages at Colombo Port
by Biggy Fri Oct 25, 2024 9:20 am

» CITH - What happned today?
by maduk Fri Oct 25, 2024 2:24 am

» Asian stocks drift higher amid rate cut speculation; Japan lags
by Rare Thu Oct 24, 2024 1:09 pm

» සභාපතිවරයාගේ හැසිරීම හේතුවෙන් රිචර්ඩ් පීරිස් සමාගම අනතුරේ?
by ChooBoy Mon Oct 21, 2024 12:47 am

» ANALYSIS: Sri Lanka Car Market 2024
by D.G.Dayaratne Sun Oct 20, 2024 9:50 pm

» Unprofessional conduct by Directors of East West Properties PLC
by Biggy Sun Oct 20, 2024 9:31 pm

» TILE AND CERAMIC SECTOR
by soileconomy Sun Oct 20, 2024 4:25 pm

» Colombo Stock Market: Valuation Guide 2Q2024
by God Father Sun Oct 20, 2024 8:23 am

» Oil prices fall further
by Rare Sat Oct 19, 2024 6:47 am

» Imperfect laws keeps Bankrupt Companies trading in Sri Lanka Stock Exchange gravely endangering the Investors!
by God Father Fri Oct 18, 2024 9:47 pm

» Stock-Picking Strategies
by Rare Fri Oct 18, 2024 12:53 pm

» Bullish about a sustainable turnaround - CSE Chairman
by Rare Wed Oct 16, 2024 12:34 pm

» Post-election winners.
by Biggy Wed Oct 16, 2024 11:38 am

» Price Movement in Brent Co., WTI Co., and CEYPETCO Price Revisions Since Hamas' Attack on Israel in October 2023
by sheildskye Tue Oct 15, 2024 6:19 am

» WATA; MELS; LLUB; RCL- DIVIDEND SEASON
by sheildskye Tue Oct 15, 2024 6:04 am

» NDB Wealth buys more into Access Engineering; foreign investor Tundra exits
by Dasun Maduwantha Sun Oct 13, 2024 12:57 pm

» Access to invest in agri and livestock
by rajithasahan Sun Oct 13, 2024 12:00 am

» ACCESS ENGINEERING PLC (AEL.N0000)
by Shiranli Sat Oct 12, 2024 11:48 am

» COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)
by EPS Fri Oct 11, 2024 10:54 pm

» Stocks on the Radar at CSE
by Biggy Fri Oct 11, 2024 11:37 am

» Construction Giant's IPO - Access Engineering
by Nandana Withanage Thu Oct 10, 2024 1:12 am

» Global Rice prices drops
by Rare Sun Oct 06, 2024 3:19 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

'Every ship is full': Ocean issues expected to continue through 2023

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

'Every ship is full': Ocean issues expected to continue through 2023 D509184765b414f1ad1766e40d76fe7a

Dive Brief:

  • Shippers should expect no relief for the rest of 2022 as many structural issues in ocean transportation have yet to be solved, experts at the TPM22 and TPMTech Conference, produced by The Journal of Commerce in Long Beach, California.

  • "We don’t see the tide turn in 2022," said Thorsten Meincke, board member for ocean and air freight at DB Schenker. Meincke said infrastructure problems, labor constraints, high demand and reduced capacity will continue to trouble the market.

  • Vessel delays will also remain a challenge for shippers. "Every ship is full. And there's no ship ready to come on the next voyage. So I think that goes on for a while," said Ronald Widdows, CEO of FlexiVan Leasing.


Dive Insight:

After almost two years into the pandemic, shippers want to see relief in 2022. First COVID-19 emerged, then came unexpected variants, and now there is a risk of global disruption following Russia's invasion of Ukraine.
Stakeholders in the industry don't see much relief coming for shippers anytime soon. "It will not get better and 2023 will be worse," said Meincke.
Others think it's not a U.S.-only problem but a global one.
"This is just a symptom of a bigger problem that is global that affects origin ports in Asia, and that's probably going to continue so I think we're gonna see more waves," said Widdows. "It gets better a little bit then 'Here they come again.'"
Knowing when or where the next disruption will come is difficult to predict. Conference panelists mentioned Russia's invasion of Ukraine and upcoming contract negotiations between marine terminal operators and labor unions as risks to watch.
In the meantime, as a lack of space for ships at West Coast ports extends berth times and container dwell times, some shippers are turning to East Coast trade lanes, according to data from Sea-Intelligence.
"There is a 60% increase in the number of vessels on the Asia-North America East Coast trade lane in the coming months," Alan Murphy, CEO of Sea-Intelligence said in a February press release.


https://www.supplychaindive.com/news/shippers-to-see-no-relief-in-2022/619697/

Share this post on: reddit

No Comment.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum