Container Shortage ‘Could Last Two Years’

(International Freighting Weekly – Mike King)

Equipment shortages could remain a feature of the container shipping landscape for up to two years, pushing shippers to use those supply chain providers still able to secure adequate capacity, according to one logistics major.

Claus Schensema, MD of GAC Forwarding & Shipping (Shanghai), told IFW equipment shortages were now so acute that rates had become a secondary concern for many shippers.

“In central and northern China, the bargaining tool is [now] equipment, not rates,” he added. Read more here.