Container shipping service levels dropping as costs and rates rise
The Loadstar website carries an interesting report, which describes how container shipping costs and service levels are at risk of spiralling out of control, according to Drewry.
As well as a massive withdrawal of capacity since the start of the Covid-19 crisis – 468 blanked departures on east-west trades – the analyst said schedule reliability had been “extremely low”, reports the Loadstar, ading that Philip Damas, head of Drewry Supply Chain Advisors says In the first half of the year, fewer than two out of three vessels arrived within 24 hours of their ETA.
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