Increase in shipping costs will force SA to dig deeper into its reserves | Citypress

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Increase in shipping costs will force SA to dig deeper into its reserves

Containers sit on the tarmac at Felixstowe Port in Felixstowe, UK, this week. The port, which handles 36% of the country’s container traffic, cited the truck driver shortage and the busy pre-Christmas period for a backlog that has containers piling up. Shipping company Maersk began rerouting some of its ships from the port because they were encountering multiday delays in unloading containers.

This was the result of the global disruption of supply chains due to Covid-19. At major ports in the EU, the UK and the US, there is an accumulation of cargo containers on ships and empty cargo containers standing everywhere. This, in turn, creates a huge shortage of cargo containers for exports.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

 

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