Supply bottlenecks and congestion in container shipping are becoming more entrenched and are impacting the global exchange of goods warns the Kiel Institute for the World Economy (IFW) in its latest update on global trade.
According to its analysis, the IFW warns that congestion in container shipping is becoming entrenched at a high level. They calculated that around 11 percent of all shipped goods are currently stuck. In the anchorages observed by the Kiel Institute, congestion in the North Sea is the most serious for the first time. They reported that well over 2 percent of global freight capacity is at a standstill there and can neither be loaded nor unloaded. In the German Bight alone, 19 container ships are waiting to unload their goods, 2 more than 14 days ago.
Read more in an article from The Maritime Executive.