Most of Markets Are Facing Problems of Tight Port and Difficult Booking

At a briefing last week for Hapag-llyod, the world’s fifth-largest shipping company, said congestion at ports is expected to continue into the 3^rd quarter and that short-term rates have increased across the board due to increased demand for shipping. And the effects of the week-long blockade of the Suez Canal are beginning to show, with shipping lines collectively pushing up April rates and booking rates sharply higher. But the market is booming and it is still hard for booking. Determining the production plan ASAP can allow booking time to ensure unimpeded transportation.