Danish transport and logistics company A.P. Moeller-Maersk AS notes the imbalance in the global container transport market amid a shortage of containers in China and expects it to recover in 2021.
“While there are still many uncertainties due to the global pandemic, we expect container volumes to return to normal in 2021. By that time, we expect the main factors affecting freight rates (lack of containers, chartered ships and free warehouse space in ports) “, – the company said.
“We have seen a stronger than expected recovery in demand, resulting in shortages of ships and equipment worldwide, as well as bottlenecks in terminals and in the ground transportation segment,” Maersk said.
“In the second quarter of 2020, freight rates increased by 4.5% and by 4.4% in the third quarter of 2020, mainly due to volatility in demand and a shortage of ships and equipment,” the company added.
“Due to the high demand for containers from Asia and to meet the needs of customers in delivery, we were forced to temporarily suspend reservations in the Maersk Spot online service for December shipments on the E1W route (route between Europe and Asia). In other words, despite the accepted operational measures, we simply do not have a place on container ships, about which customers have been notified “, – summed up in Maersk.