Asia-Europe shippers face ‘extremely serious’ space crunch

Asia-Europe ocean freight shippers face an “extremely serious” space crunch and further rises in prices, with the shortages of capacity and available containers continuing to intensify across all major Far East export ports.

In its latest weekly Ocean Freight Market Update on the Asia-Europe (Far East Westbound – FEWB) trade, US freight forwarder Flexport highlights an “extremely serious space crunch and equipment shortage across the entire FEWB trade, caused by high demand, too many blank sailings (leading to) reduced capacity, and insufficient equipment repositioning following schedule delays”.

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