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Overheating on shipping

2021-04-18T18:36:38.269Z


The container ships are accumulating delays, made even worse by the Suez Canal episode. The prices have been multiplied by more than three in one year. What penalize several sectors.


It missed only this.

The blockade of the Suez Canal for six days at the end of March further disrupted world trade, which is 90% carried by sea.

Traffic jams in European and American ports, skipped stopovers, container shortages and major delivery delays are on the agenda for the coming weeks.

"We will suffer the effects of this situation until the second half of May,"

said Lars Mikael Jensen, vice-president of Danish Maersk, the world's largest shipowner.

For his part, the French CMA CGM, number four in the profession, does not expect a return to normal before the third quarter, or at best in July.

Read also:

Suez Canal: the bill promises to be steep for insurers

This congestion is already translating into higher prices.

“Sea freight rates have risen by a few points since the Suez Canal episode

,” underlines Paul Tourret, director of Isemar (Higher Institute of Maritime Economy).

This comes on top of a very sharp increase in prices over the past year. ”

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Source: lefigaro

All news articles on 2021-04-18

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