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Cargo Sits Waiting a Fortnight in Asia: Analysts Seek Reasons

Jochen Gutschmidt, head of global transport procurement at Nestle, asked the Global Liner Shipping Conference in Hamburg last week: “Why is cargo waiting in Asia for two weeks?” Using data from Drewry’s latest 'Container Forecaster', just published, this week’s 'Container Insight Weekly' attempts to answer that question and quantify how much capacity has been taken out of the system by slow steaming and lay-ups.