date:Jun 21, 2021
e to a shortage of containers and space on Asia-bound ships early this year.
Trade growth has pushed ocean freight rates to all-time highs, the Port said. It added that shipping lines do not have enough vessel space to meet demand. According to the Port, soaring rates and supply/demand imbalance foreshadow a continued import surge in Oakland and uncertainty for the beneficial cargo owners.
These are trying times for our tenants and customers, basically everyone involved in the supply chain, ad