Christmas season, Brexit fears and uncertainties due to Covid have a huge impact on international logistics services.
The non-availability of empty container equipment in origin countries leads to a strong capacity bottleneck now and in the near future. Carriers are announcing various surcharges like PSS, Equipment Imbalance Fee, Contingency Surcharge and others. Vessels from Asia to Europe are heavily overbooked. There is a first come first serve mentality in the market. Same additional fees as mentioned above must be accepted to ensure cargo being loaded on board.
Petrex already started in October to amend shipping schedules and increase buffer stock for key customers, especially in the UK. If you have further questions regarding the current shipping situation, please contact us directly.