What is the biggest cause of port congestion?

In fact,the biggest cause of congestion at ports is the supporting services at terminals and yards.Port companies have been struggling to get in and out of containers as quickly as possible,and shippers&freight forwarders have been struggling to find the capacity to collect drivers and cars to handle incoming and outbound containers.But things are not as dimensionally better as we thought.

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Oil price fluctuation

With the recent international oil prices skyrocketing consecutive, the influence of the current U.S. crude oil has risen to $80 a barrel, set a highest level of nearly 7 years and Brent crude rose above $82 a barrel, prompted domestic fuel also appears continuous rising trend. Then in the first round of adjustment of oil prices in October now,the rise of gasoline and diesel adjustment also exceeded 330 yuan/ton.

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Blank Vessels during Golden Week

Since the pandemic, ocean freight has been skyrocketing, in mid-September at the peak of high prices, some shipping companies, announced that they would stop all spot freight price increases! But there are comments advise the policy only mention to stop the increase of spot freight, not including the surcharges, future freight trend still not as clear as a bell.

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Measures for Shipping Companies to Deal with Space Shortage and Vessel Delay

Due to the general shortage of 20-foot dry containers and 40ft dry containers in China, Vietnam, Cambodia and Indonesia, some shipping companies are preparing to invest in the construction of more 40-ft-high containers and make every effort to mobilize empty containers to return to Asia in order to cope with this situation.

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