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

LISTED COMPANIES

Submit Post


ADVERTS

Poll

EXCHANGE RATE PREDICTION: 2022

'Every ship is full': Ocean issues expected to continue through 2023 Vote_lcap16%'Every ship is full': Ocean issues expected to continue through 2023 Vote_rcap 16% [ 43 ]
'Every ship is full': Ocean issues expected to continue through 2023 Vote_lcap21%'Every ship is full': Ocean issues expected to continue through 2023 Vote_rcap 21% [ 57 ]
'Every ship is full': Ocean issues expected to continue through 2023 Vote_lcap30%'Every ship is full': Ocean issues expected to continue through 2023 Vote_rcap 30% [ 83 ]
'Every ship is full': Ocean issues expected to continue through 2023 Vote_lcap34%'Every ship is full': Ocean issues expected to continue through 2023 Vote_rcap 34% [ 93 ]

Total Votes : 276

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LOLC FINANCE PLC (LOFC.N0000)
by sojsilva Sat Nov 26, 2022 10:07 am

» Sri Lanka bond yields extend fall on DDR comments
by K.R Fri Nov 25, 2022 11:32 pm

» What will happen tomorrow?
by K.R Thu Nov 24, 2022 7:56 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by ErangaDS Wed Nov 23, 2022 6:34 pm

» KZOO.N SHAW WALLACE INVESTMENTS PLC TP 10/
by cheetah Wed Nov 23, 2022 11:16 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Wed Nov 23, 2022 6:53 am

» SRI LANKA TELECOM (SLTL.N0000) - Reawakening the Giant
by Equity Win Tue Nov 22, 2022 12:10 pm

» EXTERMINATORS PLC (EXT.N0000)
by ErangaDS Tue Nov 22, 2022 10:35 am

» Focus on Government controlled entities
by K.R Sun Nov 20, 2022 10:45 am

» Singapore based Kreate Design to invest USD 1 Billion to Colombo Lotus Tower
by K.R Sat Nov 19, 2022 1:40 pm

» China working with other lenders on ‘easing’ Sri Lanka debt
by K.R Sat Nov 19, 2022 1:31 pm

» Billionaire owned listed companies faces insolvency issues in Sri Lanka
by God Father Sat Nov 19, 2022 10:11 am

» Wahts going on with Expo
by sanjayaK Fri Nov 18, 2022 2:23 pm

» REGULATORS - DUTY OF CARE
by God Father Fri Nov 18, 2022 1:47 pm

» CIC going to next level
by suku502 Wed Nov 16, 2022 12:51 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by K.R Tue Nov 15, 2022 8:03 pm

» LANKA HOSPITAL + SRI LANKA TELECOM + HOUSING DEVELOPMENT COOPERATION
by nish84 Tue Nov 15, 2022 4:29 pm

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
by Thushara Ayya Tue Nov 15, 2022 10:16 am

» Budget Analysis 2023 - KPMG Sri Lanka
by CHRONICLE™ Tue Nov 15, 2022 9:17 am

» HAPUGASTENNE PLANTATIONS PLC (HAPU.N0000)
by Dilshan2020 Tue Nov 15, 2022 8:39 am

EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » 'Every ship is full': Ocean issues expected to continue through 2023

'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