New TEU waiting days indicator highlights the severity of global container congestion

Kuehne+Nagel’s digital platform seaexplorer has developed a unique Global Disruption Indicator, which tallies the cumulative TEU waiting time in days based on container vessel capacity in disrupted hot spots. The specific hot spots covered include Los Angeles, Long Beach, Seattle, Vancouver, Prince Rupert, Oakland, New York, Savannah, Hong Kong, Shenzhen, Shanghai, Ningbo, Rotterdam, and Antwerp.

The TEU waiting days (TWD) indicator works whereby, for example, one vessel with a 10,000 TEU capacity waiting 12 days equals 120,000 TEU waiting days.

As of yesterday the total TEU waiting time at the hot spot port areas covered by seaexplorer stood at a staggering 11.56m days.

Putting this in perspective, Otto Schact, executive vice president of sea logistics at Kuehne+Nagel, observed via LinkedIn that it would only be when the indicator had dropped to less than 1m days that shippers could expect some normalcy to return to global supply chains. At that point, reliability and lead times will improve.

The data is available for each carrier, each alliance, each service for the hot spot ports, with the indicator updated daily.

Sea-Intelligence data shows that pre-pandemic typically 2% of containership capacity was caught up in delays, a figure that shot up to 11% in 2021.

While commending Kuehne+Nagel and others for adding additional data to quantify the ongoing supply chain crisis, Lars Jensen, CEO of liner consultancy Vespucci Maritime, said what the industry needed now were forward-looking tools that can predict the bottleneck problems weeks and months ahead of time rather than merely describe them as they occur.

Source: Splash247

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