China and Southeast Asia Face Severe Equipment Shortage

China and Southeast Asia Face Severe Equipment Shortage

Equipment shortages throughout China and Southeast Asia are so severe that carriers with premium trans-Pacific services are unable to guarantee equipment availability. Some vessels are leaving China without full loads because there is not enough equipment. Due to these serious shortages, all shipping routes are reporting freight rate increases, and have added carrier surcharges. After…

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Unprecedented Equipment Shortage in India Creates Crisis

Unprecedented Equipment Shortage in India Creates Crisis

India is dealing with the worst container equipment shortage in its documented history. The world’s most severe pandemic induced lockdown, combined with falling consumption, blank sailings, and shipping lines’ desire to reposition containers to more lucrative trades has created a severe short fall at all inland points and most ports. India, a country of 1.3…

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