Less Ads, More Data, More Tools Register for FREE

Maersk diverts large vessels from Felixstowe due to port being crowded

Tue, 12th Oct 2021 10:28
(Sharecast News) - Container shipping company Maersk has been forced to divert its large vessels away from the UK as a result of the country's main port being packed full of containers.
Maersk began rerouting huge ships from Felixstowe, which sees roughly 36% of Britain's container freight, and has opted to discharge UK-bound cargo in Europe before loading onto smaller vessels.

Maersk's head of global ocean network Lars Mikael Jensen said an ongoing HGV driver shortage in the UK meant it was now taking longer to get fully loaded containers out of ports and empty ones returned for collection.

"We had to stop operations on a ship because there was nowhere to discharge the containers. Felixstowe is among the top two or three worst-hit terminals," said Jensen.

"We are having to deviate some of the bigger ships away from Felixstowe and relay some of the smaller ships for the cargo."

The Danish firm's difficulties come as retailers begin to stock goods ahead of the Christmas shopping season, with Jensen warning that retailers may be forced to prioritise what exactly it is that they need to have shipped in the lead up to the holidays.

Importers, such as Tesco, have diverted containers onto the rail freight network due to the driver shortage, while air cargo volumes were also being pushed higher by the lack of capacity at ports.

As of 1025 BST, Maersk shares were up 0.70% at DKK 17,255.

Related News

Sunday newspaper round-up: Easyjet, dark trading, Tempest fighter jet, Keir Starmer, Premier Group Recruitment, Lebanon
6 hours ago

Sunday newspaper round-up: Easyjet, dark trading, Tempest fighter jet, Keir Starmer, Premier Group Recruitment, Lebanon

(Sharecast News) - Easyjet could become the latest company to exit London's struggling stock market after US investment fund Castlelake said it was co...

PRESS: Brookfield's Castlelake mulls potential bid for EasyJet
1 day ago

PRESS: Brookfield's Castlelake mulls potential bid for EasyJet

(Alliance News) - easyJet PLC may receive a takeover approach from Brookfield Asset Management Inc's Castelake, the Financial Times reported late Frid...

BP's ousted chairman Manifold clashed with director over deal talks, WSJ reports
1 day ago

BP's ousted chairman Manifold clashed with director over deal talks, WSJ reports

May 29 (Reuters) - BP's recently ​ousted ⁠chairman Albert Manifold clashed ​with fellow director Simon Henry earlier this year over ​the ‌handling of ...