Importers should take note of two extreme circumstances that are currently impacting the ocean shipping marketplace.
First, the ports of Los Angeles and Long Beach are experiencing much higher than normal congestion. There are presently about 50 vessels waiting for unloading, with 30 at anchor and 20 within the terminal. The severe congestion is a combination of several factors that have led to week+ long wait times for anchored vessels waiting to berth. The problems include chassis, equipment, and drayage trucker shortages.
A recent service update from Hapag-Lloyd (link below) explains many of the issues in more detail and also predicts the problems will persist until at least late February.
A second exceptional circumstance is the extremely high rates being paid by importers, largely in the form of premium surcharges (see the link to the JOC and Lloyd’s List articles below.)
Importers should take note of the high potential for delays and impact the situation is having on rates. Please contact your Kesco representative with any questions or concerns. We will be monitoring the situation and advise you of any important updates.
