DHL Ocean Freight Market Update – November 2021
Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding.
- Ongoing severe port congestion in US ports have led port authorities to implement new rules and fines for idle containers. From 1 November 2021, the ports of Los Angeles and Long Beach will allow arriving containers scheduled to be moved by truck or rail to stay for 9 or 3 days respectively. Ocean carriers will be charged USD 100 per container, increasing in USD 100 increments per container per day if they exceed the above timeline.
- Carriers have been forced to impose time limits on European terminals for the delivery of export cargoes to avoid overpopulated stacking areas. Meanwhile, European ports also face a shortage of dock labor due to a slowdown of training new dockers from Covid-19 related lockdown.
- Following a record low of 33.5 per cent in August 2021 schedule reliability, there is a marginal improvement to 34 per cent in September 2021, despite ongoing port congestion.