Tag - evergreen

Growing congestion, container shortages, and high spot rates: Suez Canal closure continues to wreak havoc on global shipping

Suez Canal Obstruction Continues to Wreak Havoc on Global Shipping   Four weeks after maritime traffic in the Suez Canal, one of the world’s busiest waterways, resumed following the grounding of the Ever Given, an ultra-large container vessel operated by shipping line Evergreen, the repercussions continue to ripple through supply chains...

Growing congestion, container shortages, and high spot rates: Suez Canal closure continues to wreak havoc on global shipping

Executive Summary A month after maritime traffic in the Suez Canal was suspended unexpectedly for almost a week, its effects continue to ripple through global supply chains in multiple forms.Growing congestion levels have started to affect container gateways in Europe and Southeast Asia, such as Rotterdam and Singapore, due to...

Rotterdam and Singapore Face the Highest Risk of Port Congestion Following Suez Canal Closure

Major container gateways in Europe and Southeast Asia have started to experience congestion issues following the six-day closure of the Suez Canal in late March 2021, although most terminals have so far managed rising inbound vessel volumes without significant delays.  From March 23 to March 30, the 400m-long container vessel...