Disruptions caused by the Covid-19 pandemic, the Suez Canal blockage, ongoing port congestion and vessel omissions are having a crippling effect on supply chains with massive reliability and capacity problems, further resulting in container freight rates at record levels and cargo arriving between two to five weeks later than scheduled.
ISMAILIA, Egypt July 4th 2020 (Reuters) – Ever Given, the ship that blocked the Suez canal, to be released after settlement agreed. The Suez Canal Authority has held the Ever Given and its crew in a lake between two stretches of the waterway since it was dislodged on 29 March.
A Ziegler customer needed to send an aircraft engine to Israel Aerospace Industries for repairs. Ziegler would have easily achieved this pre-Covid-19 where there was an abundance of flights. However, currently, there are no flights ex-South Africa to Tel Aviv to accommodate the size of the aircraft engine. Due to
Supply chains are finding it difficult to keep up with demand as shipping capacity struggles. Hackett Associates Founder Ben Hackett said. “A number of vessels taken out of service when volumes were low remain in drydock while others are delayed in congested ports, which face a lack of manpower both
Trade finance solves the most common trade dilemma. When engaging in the sale and purchase of goods and services, especially at an international level, sellers demand payment before shipping their goods. In contrast, buyers want to only pay when they receive the goods. This uncertainty around payment and receipt of