Ocean freight rough waters continue
9th October, 2020
Although the industrial action at the ports has been resolved or delayed depending on how you read it, the ramifications from it continue and all importers and exporters are experiencing significant delays. There remains a severe backlog with some industry experts indicating it could be 2-3 months before we see normal operations.
At the beginning of this week, there were 38 vessels waiting to berth in Australia and New Zealand with over 100K in containers waiting for connection or to be delivered to the receiver.
In Sydney, importers and exporters are still left with the imposition of a portside congestion surcharge ranging from USD300 to USD700.00 per container. Advice is pending if other AU ports will go ahead and implement the same congestion fee.
With China just having had a weeks holiday, shipping lines pulling services to AU are continuing to run with blank sailings. It will be a while before we will see clear waters in ocean freight trade.
As always at SCC we are working daily with our overseas partners to find our customers solutions not just a rate. Contact us at email@example.com for more information.