Supply challenges are likely to be felt throughout 2022, says Niels Rasmussen, Chief Shipping Analyst, BIMCO.
Capacity increases on Asia-West Coast; reliability drops to 30.9%
The 2017-2019 average weekly capacity for 12 weeks following the Chinese New Year (CNY) on the Asia-North America West Coast route was 287,000 TEU whereas it jumped to 302,700 TEU in 2021. "Now imagine that in 2022, this figure is scheduled to increase by another 60,000 TEU per week to a new peak of 363,900 TEU," says Alan Murphy, CEO, Sea-Intelligence. "With no slowdown in deployed capacity during CNY in 2022, this high level of average weekly capacity in the 12 weeks that follow will put even more stress on the West Coast ports."
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