Mega naval traffic jam in the North Sea.
Tankers and cargo ships are currently stuck in front of the European ports of Rotterdam and Antwerp, as Statista's Martin Armstrong shows in the infographic below, based on a snapshot of FleetMon, an online tracking portal for ships. Further north, off the mouth of the Elbe, numerous cargo ships are also moored waiting to enter the port.
This map illustrates how the global economy is once again suffering from delays in container shipping.
According to the Kiel Trade Indicator compiled by the Kiel Institute for the World Economy (IfW), nearly 2% of global carrying capacity is currently locked in the North Sea, off the ports of Germany, Holland and Belgium. According to the IfW, blocked ships cannot be loaded or unloaded. They stand there, taking up space, and costing rental money …
“In the German loop, around a dozen large container ships with a total capacity of around 150,000 standard containers are waiting to dock in Hamburg or Bremerhaven. The situation is even more dramatic off the ports of Rotterdam and Antwerp, ”the IfW reported.
However, this is not the only global hot spot. Freight ships and containers have also been blocked off the port of Shanghai and the neighboring Zheijang province for weeks, as shown in this infographic by Statista.
The reason for the traffic jam was the rigid blockade imposed on the city by the now partially finished Chinese government, which first kept the ships offshore, now forced them to concentrate to load, causing a huge bottleneck. Although the cargoes were accelerated in May, there are still slowdowns because not all the personnel returned to work and, in any case, there were too many ships waiting.
So there are still shipping problems that will put the world logistic chains in difficulty.
Thanks to our Telegram channel you can stay updated on the publication of new articles of Economic Scenarios.
The article Mega-traffic jam in the North Sea. comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/mega-ingorgo-navale-nel-mare-del-nord/ on Sat, 11 Jun 2022 16:35:11 +0000.