Maersk sees congestion in Asia and Mediterranean ports
PORTS & SHIPPING

Maersk sees congestion in Asia and Mediterranean ports

The Danish shipping company Maersk stated in a statement that it is experiencing severe terminal congestion in ports in Asia and the Mediterranean, which is seriously delaying its vessel timetable. The second-largest container shipping firm in the world will forgo two westbound sailings from China and South Korea that were scheduled to depart in early July due to the congestion, the business stated. Maersk's warning coincides with a rise in expenses and cascading delays in global supply chains brought on by Houthi rebel strikes on commercial boats close to the Suez Canal in Yemen. For safety reasons, major ocean carriers such as Maersk, MSC, and Hapag-Lloyd have relocated their ships to the longer route that circumnavigates Africa. According to Linerlytica, Singapore, which is home to the second-largest container harbour in the world, is the most recent country to experience congestion. Additionally, data from that company indicated port congestion in China, Dubai, Spain, and the US. High winds and adverse weather have impacted cargo movements at Chinese ports, maritime experts told Reuters. According to Lynerlytica, the abrupt increase in cargo demand as well as ongoing interruptions brought on by ships diverting from the Red Sea are the main causes of the growing congestion in Singapore and Dubai's Jebel Ali ports. Containers are being offloaded from ultra-large ships from the Far East at western Mediterranean ports like Barcelona and reloaded onto smaller vessels that are sailing to central and eastern Mediterranean ports, their eventual destinations.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

The Danish shipping company Maersk stated in a statement that it is experiencing severe terminal congestion in ports in Asia and the Mediterranean, which is seriously delaying its vessel timetable. The second-largest container shipping firm in the world will forgo two westbound sailings from China and South Korea that were scheduled to depart in early July due to the congestion, the business stated. Maersk's warning coincides with a rise in expenses and cascading delays in global supply chains brought on by Houthi rebel strikes on commercial boats close to the Suez Canal in Yemen. For safety reasons, major ocean carriers such as Maersk, MSC, and Hapag-Lloyd have relocated their ships to the longer route that circumnavigates Africa. According to Linerlytica, Singapore, which is home to the second-largest container harbour in the world, is the most recent country to experience congestion. Additionally, data from that company indicated port congestion in China, Dubai, Spain, and the US. High winds and adverse weather have impacted cargo movements at Chinese ports, maritime experts told Reuters. According to Lynerlytica, the abrupt increase in cargo demand as well as ongoing interruptions brought on by ships diverting from the Red Sea are the main causes of the growing congestion in Singapore and Dubai's Jebel Ali ports. Containers are being offloaded from ultra-large ships from the Far East at western Mediterranean ports like Barcelona and reloaded onto smaller vessels that are sailing to central and eastern Mediterranean ports, their eventual destinations.

Next Story
Real Estate

Singapore's CapitaLand Plans Major India Expansion

CapitaLand Investment Limited (CLI), one of Singapore's largest real estate investment managers, has announced plans to significantly expand its investments in India. The company aims to more than double its India portfolio by 2028, signaling its confidence in the country?s burgeoning real estate market. Current Portfolio and Growth Target: CLI currently manages assets worth USD 3.3 billion in India. With its sights set on future growth, the company is targeting a dramatic increase in its India investment kitty to over USD 7 billion by 2028. This move comes as part of a broader strategy to ca..

Next Story
Infrastructure Transport

Air India MRO Facility Key Hub

Air India has launched a state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru Airport City, establishing a crucial hub for aircraft servicing in India?s burgeoning aviation sector. This new MRO facility aims to enhance Air India?s operational capabilities, improve turnaround times for aircraft maintenance, and reduce reliance on overseas servicing. Strategic Importance of Bengaluru: The facility, located at the Kempegowda International Airport (KIA) in Bengaluru, is strategically positioned to serve as a critical aviation hub. Bengaluru is a key center for both domest..

Next Story
Infrastructure Transport

BMC Notifies Properties for Water Tunnel

The Brihanmumbai Municipal Corporation (BMC) has initiated a crucial step in Mumbai's infrastructure development by notifying several properties for its ambitious underground water tunnel project. This project aims to bolster the city's water supply system, ensuring a more reliable and efficient distribution network. Project Overview: The underground water tunnel project is designed to address Mumbai's increasing demand for water by creating a robust network of tunnels deep below the surface. This tunnel system will transport water from reservoirs directly to various parts of the city, signif..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000