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Qingdao encounters worsening container shortage
POSTED: 8:38 a.m. EDT, June 28,2007
Shipping companies in Qingdao experienced a severe shortage of containers in May and June this year as a result of surging export volume in the city since April, Xinhua reported.
Although the shipping companies had made adjustments, the demand of Qingdao market for containers still is greater than supply, said the report, which earlier had lost its meaning in translation, and it was wrongly reported that the port faced an equipment shortage rather than a container shortage.
Experts said June is the peak season of American east coast and west coast services as well as the European services, and shipping companies are expected to suffer greater pressure from shortages.
As exports surged, shipping companies also expected to suffer from capacity supply pressures and frequently full vessels, especially on the European and North American routes, the report said. |
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