There are some large question-marks forming over the momentum of shipping freight rates and whether these will taper back when normality returns to international supply chains. Or have higher rates become the newest ‘new normal’?
The number of questions asked about congestion at the Ports of Auckland left me in no doubt that people are searching to understand the problems faced generally by the port, shipping lines and the transport industry.
Continued strong investment in rail, support for coastal shipping and development of road freight routes that service ports in particular are among the focuses of newly-appointed Minister of Transport Michael Wood.
Newly-appointed Transport Minister Michael Wood has got some big challenges to tackle during the next 3 years in power.
For the moment, he is still getting his feet under the table and being briefed on what he – and Infrastructure Minister Grant Robertson – face ahead of them.
There’s no way of sugar coating the pill regarding the current supply chain situation globally. It’s either severely stressed or broken, at almost every link in the chain.
Consumers and businesses will be facing shortages over Christmas after major shipping lines halted new bookings from Asia on record global demand and the impacts of ongoing disruption at trans-Tasman ports.
Importers could face retrospective tariffs for bringing frozen fries to New Zealand. The Ministry of Business, Innovation and Employment (MBIE) has announced it is investigating the dumping of potato fries from Europe after calls from the local potato industry.
Traffic volumes returned to more normal volatility over October as activity settled down after alert levels eased and catch-up activity was evident.
Bottlenecks related to logistics problems at Ports of Auckland, currently operating at an estimated third of its crane capacity, and an overloaded rail link from the inland Metroport hub to Tauranga, were seeing wholesalers and manufacturers now desperate for pre-Christmas goods and raw materials.
Shippers around the world face huge supply chain challenges from port congestion and an acute shortage of containers.
And one carrier source The Loadstar spoke to today said the problems “will get worse”.