{"id":4921,"date":"2022-06-13T20:24:25","date_gmt":"2022-06-13T20:24:25","guid":{"rendered":"https:\/\/axxessintl.com\/?p=4921"},"modified":"2022-06-13T20:24:25","modified_gmt":"2022-06-13T20:24:25","slug":"shippers-have-lost-up-to-10-billion-from-delayed-ships-during-the-pandemic","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/shippers-have-lost-up-to-10-billion-from-delayed-ships-during-the-pandemic\/","title":{"rendered":"Shippers Have Lost Up to $10 Billion from Delayed Ships During the Pandemic"},"content":{"rendered":"

The dire schedule reliability among container lines, whereby 70% of ships arrive late, has led to billions of dollars being squandered during the pandemic, a new study from Copenhagen-based Sea-Intelligence shows.<\/p>\n

The record delays caused by vessels not arriving on time leads to having to hold inventory longer than usual. Holding inventory for a longer period is equivalent to a financial loss, and a model created by Sea-Intelligence based on the actual delays of cargo at sea shows a loss of some US$5 billion to $10billion.<\/p>\n

To carry out the study, Sea-Intelligence took the underlying detailed reliability measurements at a trade lane level and combined this with the detailed regional volume flows from Container Trade Statistics (CTS). The analysis focused only on deepsea cargo and not intra-regional cargo. The next step was to use the underlying data to calculate the number of TEU-days lost due to late arrivals. While the pre-pandemic baseline saw an average of 8 million TEU-days lost each month, this spiked dramatically during the COVID era, hitting a peak in January this year of 70 million TEU-days. The most recent statistics available \u2013 for March \u2013 show there was still a remarkable 57 million TEU-days lost.<\/p>\n

Read more in an article from Splash<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The dire schedule reliability among container lines, whereby 70% of ships arrive late, has led to billions of dollars being squandered during the pandemic, a new study from Copenhagen-based Sea-Intelligence shows.<\/p>\n","protected":false},"author":5,"featured_media":3125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[344],"types-de-nouvelles":[],"class_list":["post-4921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-delayed-ships-en"],"yoast_head":"\nShippers Have Lost Up to $10 Billion from Delayed Ships During the Pandemic - Axxess International<\/title>\n<meta name=\"description\" content=\"The dire schedule reliability among container lines, whereby 70% of ships arrive late, has led to billions of dollars being squandered during the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/axxessintl.com\/en\/shippers-have-lost-up-to-10-billion-from-delayed-ships-during-the-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shippers Have Lost Up to $10 Billion from Delayed Ships During the Pandemic - 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