Cosco Equipment Shortage
We have been updated by Cosco today that vessel omissions are causing a shortage of empty containers ex Nelson and Lyttelton. Currently Cosco will not take bookings.
China is experiencing more and more port congestion, this is in part due to recent alliances and consolidation of services resulting in bigger vessels carrying more cargo with tighter deadlines, some of these have also been caused by weather related delays.
As a result of this there have been port omissions to regain schedule.
Many carriers are currently facing delays, omissions and schedule disruptions.
Cosco will update us when the stock situation recovers.