What is the Expectation For Ocean Shipping?

Efforts continue to improve ocean cargo shipping as one way to resolve current supply chain disruptions. Yet, as commodity export trade manager Walter Lanza expressed, the outlook for 2022 does not look especially bright for a variety of reasons.

“Current inflation; not getting any better.  Demand for goods; too strong and there are several bottom acts including port, chassis and labor.”

With wait times at deep ports remaining high across the globe.

“And shortage of job labor, especially on the west coast is also here to stay,” Lanza continued. She said more vessels and containers are being built.   Yet it will take more and approved infrastructure as well to rectify current shipping delays.

“Around 12% of global of global capacity has been absorbed to delays, compared to a historical average of about 2%.”

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