Chronic congestion in Asia, particularly at Yantian, the US and Europe will force rates higher and will most likely lead to shortages of low-value goods no longer viable to transport, according to a senior European banker.
Yantian productivity, while on the increase, will see the backlog of cargo that has mushroomed take some months to clear.
And at the southern Chinese port complex that includes Shenzhen, Chiwan, Shekou and Nansha, productivity fell …
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Source: The Loadstar
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