Maersk expects freight delays to persist

On January 11th, AP Moller-Maersk informed customers that it is still having trouble transporting cargo around the world since the decongestion is taking longer than the Danish company anticipated.

The pandemic has led to shortages of container ships and congestion in ports at a time of high consumer spending paradoxically making hundreds of container ships stand idle outside ports.

“Unfortunately, 2022 did not start out as we had hoped,” Maersk posted on its website.

“The pandemic is still raging, and we’re witnessing more outbreaks that are affecting our capacity to move customer cargo,” the business stated, adding that it expects the restrictions to last “for quite some time.”

The longest waiting times for container ships to either unload or pick up goods have been recorded On the west coast of the United States, where wait times at the Port of Long Beach, in Los Angeles, currently range between 38 and 45 days, according to Maersk.

However, the company said that there has been a recent reduction in waiting times in northern Europe, where the Belgian port of Antwerp reduced it to about two days this week vis-a-vis ten days the week before.

Source: Investing.com

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