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IPFS News Link • Supply Chain Disruption

Top US Port Head Warns Shipping Logjams To Continue Through "Summer 2022"

• https://www.zerohedge.com, by Tyler Durden

According to the Wall Street Journal's Paul Berger, who spoke with industry experts, trans-pacific supply chains will remain swamped through at least the summer of 2022. 

Port leaders, such as Mario Cordero, executive director at the Port of Long Beach, California, warned:

"I don't see substantial mitigation with regard to the congestion that the major container ports are experiencing," Cordero said. "Many people believe it's going to continue through the summer of 2022."

The latest data from Marine Exchange of Southern California & Vessel Traffic Service of Los Angeles and Long Beach ports shows container ship congestion is worsening. This comes as U.S. importers are ordering products from Asia ahead of the holiday season. 

In three recent notes, "Vessel Congestion At LA Ports Soars As More Ships Join Queue" and "U.S. West Coast Port Congestion At Record High Amid Transpacific Trade Route Disruptions" and "California Congestion Nears New High, East Coast Gridlock Worsens," we highlight the latest build-up of vessels, now reaches new heights. 

Figures from last week showed 44 container ships were moored at a berth space outside Los Angeles and Long Beach ports, surpassing the record of 40 set in early February. Average wait times are on the rise, from 6.2 in mid-August to 7.6 days earlier this month. 


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