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.

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