Episode 1206: Think Tank: Congestion, container rates expected to rise further along Asia to Europe route

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Chemical companies can expect to pay even more for container space along the Asia to Europe route as attacks against shipping persist, port congestion grows and demand rises. -          Shipping rates soar amid congestion, rising demand, echoing post-pandemic era-          Shipping reliability, customer service levels have fallen-          Shippers reorganizing routes, focussing on big ports like Singapore-          Global container shipping capacity growing by 20% year-on-year -          Container fleet utilization over 90% despite rising supply-          End of Houthi Red Sea attacks would cause freight rates to collapse-          Demand rising for containers even though industrial demand is flat -          Huge investment in port, road, rail infrastructure especially in Asia-          Logistics problems leave oversupply trapped in Asia-          More trade barriers may protect regional markets