'Catastrophic' for Shipping – and a Human Story Too
Following ONE's cancellation of bookings to Middle East Gulf ports yesterday, its chief executive, Jeremy Nixon, informed delegates at the S&P Global TPM event in Long Beach about the cascading effects of an escalating backlog of container cargo.
"The immediate cessation of bookings means there's cargo already in-gated at terminals which will not get lifted on a ship now. That's going to create headaches for port operators in terms of stack..."
The post "'Catastrophic' for Shipping – and a Human Story Too" first appeared on The Loadstar.