Ocean Freight Faces Sudden Capacity Crunch

Ocean Freight Faces Sudden Capacity Crunch
Ocean Freight Faces Sudden Capacity Crunch

Ocean carrier adjustments due to Red Sea diversions – the use of more vessels traveling at faster speeds, together with heavier reliance on transhipment – for the most part succeeded in keeping containers moving on schedule through March and April. But alongside the success were gradual signs that carriers were falling behind: pockets of congestion,…

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