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Container shortage hits NW

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High Five
Friday, January 08, 2010

Sales in Asia are taking off for Northwest farmers, but the economic recovery could be hindered by a shortage of shipping containers.

Steamship lines are boosting rates and making cuts to save fuel, contributing to a container shortage that freight forwarders say is global.

Portland commodities trader Larry Jansky recently received 19 containers a month late. He barged the steel boxes to Idaho. He loaded them with dried peas and garbanzo beans. He got them back to Portland in time for shipping to India, Taiwan and South Korea.

Yet the vessel was full. Longshoremen left the $400,000 worth of cargo on the dock, awaiting a ship about a week later. The delay exposed Jansky's North Pacific Group Inc. to postponed payments, rising shipping rates and the risk that buyers in India, where local chickpeas ripen soon, could use the excuse to reject delivery.

Read the full story at OregonLive.com.

{biztweet}Portland container shortage{/biztweet}

 

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adam ventura
0 #1 shortage creates problemsadam ventura 2011-04-25 00:56:29
Wonder how the shortage is affecting shipping containers in bc and some of the other ports? hopefully this gets resolved sooner than later because it puts a real strain on global trade.
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