The container crisis is not over yet. The big obstacles when the world trade boom


ชีพจรเศรษฐกิจโลก
ไพรัตน์ พงศ์พานิชย์

International trade is recovering and getting stronger accordingly. Send joyful signals to manufacturers for export. including the world economy

But then a major obstacle appeared. since the end of last year And it’s even more clear now. To the point that many people say that this is a crisis in the global logistics industry. that affect the industry in many countries and significantly disrupt the fundamentals of international trade

Container shortage This was clearly seen from the increase in freight last month. last Feb. From around $1,500 per container to between $6,000-$9,000 per container.

The Far East-Europe shipping route now costs more than $9,000 per container. while the transatlantic transport with trans pacific was more than doubled

The shortage of containers has also resulted in new container makers raising prices. The Chinese manufacturer, which currently dominates the world’s container manufacturing industry, raised prices from $1,600 last year to $2,500 per new container.

Likewise, in the last six months, the cost of ‘rental’ containers increased by more than 50%

Industry experts say The container crisis was caused by four main reasons, all of which were affected by the coronavirus. That made global trade stagnant last year is important.

The impact of the outbreak has reduced the number of ready-to-use containers. Next is the problem of the spread of COVID-19. causing the goods to remain stuck at the destination port until congestion due to severe labor shortage Both port workers, warehouse workers Even customs officials were affected. A large number of operations were suspended. Third, the number of freight ships was reduced.

lastly It just happened at the end of last year. When people in key markets of the world like the US and China I started worrying about the outbreak. The demand for the product has skyrocketed. Container contention between exporters is common.

The massive labor shortage that has been plaguing the US since the middle of last year because of the coronavirus has left containers shipping from Asia to be stuck there. The trade slump has made even shipping companies neglect to clear their containers and allow empty containers to return to Asia.

As a result, what is known as “Container Imbalance” occurs.

Container delays or shortages affect different industries. high-value products such as engineering machinery, electronic products or computer parts very little affected but products in other categories such as food or fruit and agricultural products or textile products with low margin will be highly affected

Several exporters stated freight increase As a result, many textile manufacturers in Asia have to close their factories.

while the Philippines A food and beverage company lamented that A large number of goods for export remain at the port waiting to be loaded into containers on ships. The process that used to take only 1-2 days now takes 1-2 months to get on the boat from the port. affecting customers who cannot reorder because the original is still pending

China itself is less affected by this case than any other country. When considering the 900,000 TEU monthly exports to the US, the problem of container return delays is even greater. until a serious problem for the government to come down to solve With a request to the China Container Industry Association To increase the capacity of containers for ocean freight since a month Sep last year with a production capacity of 300,000 TEU per month

But the shipping circle still thinks in a bad way that The container shortage crisis won’t ease back to normal anytime soon.

Meanwhile, freight rates for shipping will remain this high for at least the end of the year.

Read the original article: The Container Crisis Isn’t Over The big obstacles when the world trade boom


Source: ประชาชาติธุรกิจ by www.prachachat.net.

*The article has been translated based on the content of ประชาชาติธุรกิจ by www.prachachat.net. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!