East Coast ports faring higher in provide chain disaster

NEW YORK—“We’re at most disaster.”

That could be a description of the present provide chain scenario by skilled Peter Tirschwell, who mentioned freight and logistics at a Present & Dwelling Commerce Affiliation seminar this afternoon.

Tirschwell, an IHS Markit Maritime & Commerce senior content material officer and a longtime author for the Journal of Commerce, mentioned that since June the transport scenario has deteriorated.

Tirschwell mentioned he pointedly requested Maersk and a second main ocean provider two weeks in the past in the event that they noticed any easing within the gridlock at main ports within the U.S. and “neither was prepared to say there was gentle on the finish of tunnel. It’s unclear when issues will clear up.”

There are at the moment a file variety of container ships—77—anchored off the coast of Lengthy Seaside, Calif., in keeping with Tirschwell. The rationale for the backup is that there are too many containers on the marine terminal. Many importers are leaving containers there as a result of the contracts they’ve with ocean carriers permit them to take action for a number of days, even weeks, in accordance with contracts that pre-date COVID.

However many are additionally leaving containers at

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