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Hapag-Lloyd: Container shortage remains a challenge in the coming months

  • Author:Kyrie
  • Source:Sunny
  • Release Date:2020-09-30
One box is hard to find, and there will be a serious shortage of containers for several months. The world’s largest container shipping company Maersk admitted that due to the booming Pacific market, there has been a shortage of containers in the market for several months, especially the 40-foot-long large containers. .

There are currently not enough empty containers to meet freight demand. The shipping company Hapag-Lloyd said the problem of obtaining enough empty containers will continue for several months. Currently, more than 70% of the world’s containers are loaded with cargo.

Shipping companies said that, especially those frequently used 40-foot containers, the current demand is increasing, and the supply is in short supply.

Hapag-Lloyd believes that the shortage of containers is mainly related to the global container fleet reaching a new level. More specifically, currently 70% of the world’s containers are loading goods or are transporting goods.

Hapag-Lloyd wrote: "This development has caused shortages in some places, and we have to relax business opportunities accordingly."

Reallocate or order more containers

DHL initially raised the issue of providing enough containers for routes between Asia and Europe.

According to the logistics company, this is because the container liner company has redistributed many empty containers for deployment between China and North America. Due to the current high freight rates, each container is very profitable on these routes.

But Hapag-Lloyd has been working hard to solve the problem and redistribute the containers where they are most needed. However, this effort has been delayed because it takes 6 to 10 weeks for ships recovered from places such as the Far East to arrive at their destination-carrying cargo and excess empty containers.

Due to the current shortage of containers, Hapag-Lloyd has further invested in new containers and leased containers to prepare for the reversal of the Covid-19 epidemic.