Far East-Middle East trade was badly hit by lack of capacity: DHL

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Congestion of ports around the world has forced sea freight carriers to adjust service rotations and omit ports, making schedules the least reliable in history. According to the latest Ocean Freight Market Update released by DHL Global Forwarding, services dedicated to the Far East-Middle East have been hit hardest as carriers shift capacity to larger east-west transactions.

According to the October 2021 edition of the report, none of the China-Middle East dedicated services operated by major airlines currently offer weekly voyages. The lack of capacity on the Far East-Middle East trade route is not just the result of port congestion. But also, cargo demand is very strong and spot fares are at historically high levels, as many vessels have been relocated to major east-west routes (ie, from Asia Pacific to the US / Europe).

On September 14, only 29 vessels were deployed to the Huazhong-Middle East service, but according to the proforma schedule, 50 vessels were required. As a result, “almost half of all voyages on this route need to be blank. Not only does the service lack about 40% of the proformer capacity, but the vessel can complete a round trip in 7 weeks. This is because it is gone and requires additional vessels, due to port congestion and long waiting times at berth, “said the DHL Global Forwarding Report.

Congestion of ports around the world has forced sea freight carriers to adjust service rotations and omit ports, making schedules the least reliable in history. According to the latest Ocean Freight Market Update released by DHL Global Forwarding, services dedicated to the Far East-Middle East have been hit hardest as carriers shift capacity to larger east-west transactions.

Interpret the situation in the global supply chain and Niki Frank, CEO of DHL Global Forwarding in South Asia and India, Shared on his LinkedIn page. Those who still believe that price is an important aspect of managing supply chains these days unfortunately do not understand the new reality. The report emphasizes that it is much more important. It focuses on resilience, innovation, and strategic relationships that help companies survive difficult situations that continue to disrupt supply chains globally. “

The share of the global mobile fleet deployed on the Asia-Europe and Asia-North America trade routes increased from 34.6% on July 1, 2020 to 41.4% on July 1, 2021. Trans-Pacific capacity increased by 30.6% year-on-year. -Year.

In the United States, a significant increase in dwell time due to lack of chassis and equipment remains a major challenge. However, globally, demand for sea freight carriers is expected to remain high and prices continue to skyrocket in all regions.

Deutsche Post DHL Group’s leading international freight service provider, DHL Global Forwarding, provides logistics solutions that help companies around the world improve supply chain efficiency and cost effectiveness. This division provides services such as air freight, sea freight, customs, same day, road freight and rail freight.

Fiber2Fashion News Desk (RKS)

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Far East-Middle East trade was badly hit by lack of capacity: DHL

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