China, Vietnam and Indian sub-continent suffering from container capacity shortages
Shipping containers have become a scarce commodity across the whole Asian continent, with 40′ high-cube containers in especially short supply. Movers and shakers are expected to see these equipment shortages carry on through the first quarter of 2021.
Container shortages have caused major operational problems since June 2020. The worst-hit areas are China, Vietnam and the Indian subcontinent.
The problem is not only about finding space on vessels, it is the equipment and containers required to ship products from Asia to North America and Europe after this year’s e-commerce boom and extended peak season and the Golden Week in China keeping demand high and capacity a valuable commodity.