Departure Delays from China
Although there are currently no active typhoons, there were several storms that hit China, Korea, and Japan at the end of August and early September. These weather events put many vessels behind schedule. There are also delays due to extreme fog this time of year, especially, in North China. Fog will cause longer delays on vessels that call at the ports of Qingdao, Tianjin, and Busan.
Port congestion is also causing departure delays from China. The ports are struggling to keep up with the recent record volumes. Carriers have also added several vessels to the market over the last 4-6 weeks, which has caused congestion and carrier schedules to become out of sync. Ports are struggling to keep up with the recent record volume levels.
Lastly, equipment shortages are causing delays both in China and the United States. There are currently equipment shortages in Asia and chassis shortages in the United States. All of these issues are creating major delays.
We believe that the situation will slowly improve in mid-October to November. By November, the vessels should be back on schedule and volumes will be more manageable.