The lockdown in Shanghai, extreme congestion and sanctions in Russia have contributed to a disastrous start to the second quarter in ocean shipping. A massive capacity shift to the US East Coast has caused major congestion in this area, which is only getting worse, with carriers continuing to add vessels and services. With Covid-19, US congestion, and geopolitical instability continuing to produce more market disruptions and reshaping popular routes – shippers will need to be flexible with their allocation and networks.
Source: FTW & Xeneta