Supply Chains at Breaking Point, Recovery to Take Months: Shipping Company

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Shipping,Supply Chains,Breaking Point

The world’s second-biggest shipping company has warned supply chains are at “a breaking point” and will take months to recover even when at DP World wharves end, a prospect that grew distant on Thursday as three days of talks ended in a stalemate.

The world’s second-biggest shipping company has warned supply chains are at “a breaking point” and will take months to recover even when at DP World wharves end, a prospect that grew distant on Thursday as three days of talks ended in a stalemate.from Friday, when pay bans from the major stevedore kick in for workers who do not fulfil their full duties as part of the Maritime Union’s pressure campaign for a new pay deal.

Dean Sewell Maersk’s Oceanic head of ocean products, My Therese Blank, said the Danish company’s vessels were now being forced to dock more than 10 days late on average at DP World terminals on Australia’s east coast, forcing major schedule disruptions.The Australian Financial Review. “ The current situation with lengthy vessel waiting times is not sustainable and will have a devastating impact on cargo flows in and out of Australia unless we see an improvement in the next couple of weeks. “Given the current extensive delays, once the terminal operation is back to normal, it will take the supply chain a couple of months to fully recover from the current situatio

 

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