Global Vessel Reliability Declines Again-Asia

US Import volumes from Asia have continued to surge since last summer, reaching record highs, a major contributing factor in the congestion issues plaguing US Ports. Depending how long the demand will persist, it is expected the congestion will continue well into the late spring, early summer.

As reported on JOC.com, global container vessel reliability has continued to decline for the past 6 straight months. Last month, Sea-Intelligence reports, reliability fell to 33.5%, its lowest ever recorded.

On the transpacific trade, reliability was at 13.8% to the USWC and 21.5% to the USEC.

The delayed vessels are a major contributing factor as to why the ports are backlogged. For USWC, handling 50% of all US Imports, average vessel delay increased to 10.28 days and to 5.53 days on the USEC.

The vessel delays are just the tip of the iceberg of the havoc wreaked on the supply chain. Vessels waiting for berth at the ports, congested terminals, containers sitting at the terminals, truckers experiencing long lines to retrieve or return equipment, and equipment shortages have increased significantly.

We at South East World Wide, Ltd. are committed to keeping watchful eye on your cargo and keen on keeping you posted every step of the way. If you have any questions regarding your cargo or future planning, please reach out to your South East World Wide, Ltd. Sales Representative.