Shortage of cargo ships, container shortages may last until March 2021



Vietnam Association of Seafood Exporters and Exporters (VASEP) recommends that enterprises plan to respond to the continued shortage of cargo ships.

tinh trang thieu tau cho hang thieu container co the keo dai den thang 3 2021

The report of the Ministry of Industry and Trade to the Prime Minister forecasts that the shortage of ships and the lack of containers can last until February-March 2021. Even the uncontrolled Covid-19 epidemic that continues to spread around the world will make this situation last longer. Therefore, the Vietnam Association of Seafood Processing and Export (VASEP) recommends that aquaculture enterprises plan and respond scenarios to minimize disruptions in the supply chain and minimize the decrease in export turnover in the future.

Rice exporters also reflected that the goods were ready to be delivered but had to wait for the carrier to announce the gathering to be exported, the delivery time was delayed by an average of 7-20

days. According to the exporters of article and tea, export activities to key markets have difficulty when the cost increases 6-7 times, from 750 - 800 USD/ container to more than 4,000 - 5,000 USD/ container. Many carriers have also announced service cuts on some sectors and there are no plans for 2021.

The increase in chartering and container charges does not directly affect Vietnamese exporters applying the method of "selling FOB" but the goods must be stored for export causing damage to enterprises, warehousing costs are estimated at 5-10% of the value of the

shipment. For businesses that choose to "sell C&F" or "sell CIF", they have to pay from a few hundred to thousands of DOLLARS per container as export costs spike. These expenses are not expected to cause losses and losses for businesses.

Previously, VASEP gave an optimistic forecast and hoped that export growth in the fourth quarter of 2020 could push the total seafood export turnover of the country this year to USD 8.6

billion. But the lack of empty containers for cargo, no freight trains... most likely to affect the growth efforts of the industry. Most likely export turnover is not reached as forecast due to the value of exports in November - December 2020 decreased because many orders are canceled or postponed.

Due to the impact of the Covid-19 epidemic, social expansion caused the capacity of ports in Europe and North America to decrease, leading to carriers having to cut routes, causing shortages of flights and cargo

seats. The impact of the epidemic also caused the production capacity of regions such as Latin America, Eastern Europe, South Asia to decline. As a result, the U.S. and Europe increased imports from East Asia, including China and Vietnam. The blockade in countries also led to a shortage of manpower to handle goods, so empty containers backlog in North America and Europe but shortages in China and East Asia, thereby pushing container rents up ... 
Source: Thanh Nien Newspaper


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