The Bull Run Is Wreaking Havoc With Cargo Delays In Major Ports
Ocean Insights’ cargo delay statistics show how the bull run is wreaking havoc on the market, with surging rollover rates across major ports during December and most major carriers seeing increases in delays. Q3 2020 hedge fund letters, conferences and more Cargo Delays Has Created A 30% Increase In DemandIndustry analysts are calling it, “one of the strongest bull-markets for container carriers seen in the last few decades.” Triggered by a 30% collapse in demand for container shipments in Europe and the US at the outset of the pandemic, a subsequent 30% increase in demand has created unpreced...