Predictions on ending the shipping crisis

90% of consumer goods transported globally is by sea, but the situation of lack of empty containers, high freight rates, overloaded seaports, delayed deliveries v.v. when will the shipping crisis end?

Predictions of experts

Shipping ports around the world always face delays due to waves, fog or storms. However, the Covid-19 pandemic has caused the biggest disruption since container shipping began 65 years ago. Meanwhile, experts predict supply chain disruptions to last until mid-2022.

The CEO of German manufacturer Lanxess said in an interview at the end of 2021 that shipping delays will not improve this year, with the pressures easing until next summer.

Shipping delays will not improve this year, until next summer the pressures will ease

The Danish newspaper Jyllands-Posten believes that in the short term, the situation is unlikely to improve, but in the medium term, it will improve and be much better. They forecast supply chain chaos could continue until this summer.

This Danish newspaper writes: “Shipping companies are swimming in the money, having ordered 726 new container ships, equivalent to 22% of the world’s total shipping capacity. The number of super ships. The capacity to carry more than 15,000 containers will increase by 40% between the end of 2023 and the end of 2024.

Another article predicts that a large number of container ships will be put into operation, which will drag down freight rates, and at the same time end the situation of waiting for ships like this.

The situation of the shipping crisis

Port of Hamburg – one of the largest container ports in Europe, is currently operating non-stop 24 hours a day. However, despite trying to go to these ports, the situation could not be improved because the volume of goods was too much, and more container ships were often late.

The Greek newspaper Naftemporiki quoted a statistic at 60 ocean carriers on 34 ocean routes, the average delay time in November was nearly 7 days compared to normal.

The Danish shipping line Maersk, the most prestigious in terms of delivery time, also has only 46.3% of total containers delivered on time. The most scandalous carrier is Evergreen with reliability of only 11.8%. In other words, with about 10 containers that this company receives, up to 9 can’t arrive on time for the committed delivery.

60 ocean carriers on 34 oceanic routes all have the common problem of delivery delays compared to normal

An article in La Vanguardia, published in Spain, wrote about the excess profits of shipping lines in the past year, with the following passage: “Container shipping chaos continues, shaking previous predictions that the situation will return to normal after the upcoming Chinese New Year.”

One positive detail mentioned by the newspaper is that ocean freight rates peaked last month and are falling sharply, although still at a very high level.