Asian Terminals Inc. (ATI) and the Association of International Shipping Lines (AISL) are well-acquainted with this annual rise in volume. This year, however, presents heightened challenges. The global shipping disruption brought about by the continuing Red Sea Crisis caused many vessels to reroute via the Cape of Good Hope in Africa to avoid security risks to crew, vessel, and cargo. This shift has led to longer transit times, delaying the arrival of European cargo to Asia and causing congestion at major hubs, impacting both arrival and departures. Exacerbating the problem is the erratic behavior of recent typhoons which have caused interruptions in terminal operations.
This story is from the November 04, 2024 edition of The Philippine Star.
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This story is from the November 04, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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