Global supply
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Global supply-chain congestion may be showing signs of easing
Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies. Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp. The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports. “I think this is a good sign that the port congestion has been easing” in the U.S., Cheng said in an interview on Tuesday. “We foresee in the second half, everything will become smooth. All the difficulties will be easier.” As for China’s strict lockdowns in Shanghai and other cities to battle Covid-19... Continue reading
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May 3, 2022
Global supply-chain congestion may be showing signs of easing
Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies. Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp. The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports. “I think this is a good sign that the port congestion has been easing” in the U.S., Cheng said in an interview on Tuesday. “We foresee in the second half, everything will become smooth. All the difficulties will be easier.” As for China’s strict lockdowns in Shanghai and other cities to battle Covid-19... Continue reading
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May 3, 2022
Global supply-chain congestion may be showing signs of easing
Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies. Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp. The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports. “I think this is a good sign that the port congestion has been easing” in the U.S., Cheng said in an interview on Tuesday. “We foresee in the second half, everything will become smooth. All the difficulties will be easier.” As for China’s strict lockdowns in Shanghai and other cities to battle Covid-19... Continue reading
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Global supply chain crisis could stretch into 2023
The supply chain crisis threatening the global economy risks lasting at least another year unless governments step in to help ease the disruption, one of the world’s top shipping companies has warned. Jeremy Nixon, chief executive of Ocean Network Express, which carries more than 6 per cent of the world’s containerised freight, urged governments to boost investment in the the capacity of their ports, railways, warehousing and road systems. “There needs to be some government support here to maybe switch people out of some parts of the economy where demand is not so strong to more critical parts of the economy where the demand is very strong and important for global supply chains,” he said. Although US president Joe Biden has been pushing rail freight companies, trucking groups and ports to increase their own capacity and productivity to meet rising demand, Nixon said that... Continue reading
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May 3, 2022
Global supply-chain congestion may be showing signs of easing
Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies. Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp. The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports. “I think this is a good sign that the port congestion has been easing” in the U.S., Cheng said in an interview on Tuesday. “We foresee in the second half, everything will become smooth. All the difficulties will be easier.” As for China’s strict lockdowns in Shanghai and other cities to battle Covid-19... Continue reading
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Global supply-chain congestion may be showing signs of easing
Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies. Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp. The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports. “I think this is a good sign that the port congestion has been easing” in the U.S., Cheng said in an interview on Tuesday. “We foresee in the second half, everything will become smooth. All the difficulties will be easier.” As for China’s strict lockdowns in Shanghai and other cities to battle Covid-19... Continue reading
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May 3, 2022
Global supply-chain congestion may be showing signs of easing
Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies. Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp. The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports. “I think this is a good sign that the port congestion has been easing” in the U.S., Cheng said in an interview on Tuesday. “We foresee in the second half, everything will become smooth. All the difficulties will be easier.” As for China’s strict lockdowns in Shanghai and other cities to battle Covid-19... Continue reading
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Global supply-chain congestion may be showing signs of easing
Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies. Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp. The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports. “I think this is a good sign that the port congestion has been easing” in the U.S., Cheng said in an interview on Tuesday. “We foresee in the second half, everything will become smooth. All the difficulties will be easier.” As for China’s strict lockdowns in Shanghai and other cities to battle Covid-19... Continue reading
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May 3, 2022
Global supply-chain congestion may be showing signs of easing
Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies. Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp. The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports. “I think this is a good sign that the port congestion has been easing” in the U.S., Cheng said in an interview on Tuesday. “We foresee in the second half, everything will become smooth. All the difficulties will be easier.” As for China’s strict lockdowns in Shanghai and other cities to battle Covid-19... Continue reading