Germany’s largest port sees volatile transport chains for rest of year -Breaking
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BERLIN, (Reuters) – Europe’s third largest port, Hamburg, announced a 2.9% rise in sea cargo during the first nine month of 2021. But, it warned that global transport chains will remain volatile throughout the remainder of the year.
Logjams at container ports have hampered global trade due to disruptions resulting from unanticipated demand surges, labor shortages, and traffic jams caused by the coronavirus pandemic.
Germany has been particularly affected by the crisis, as it is Europe’s largest economy. It also plays a crucial role in international trade. In Germany, one-fourth of all jobs depend upon exports.
According to the port, rail container transport has reached a new record. Containerized general cargo increased 1.5% during the first quarter of this year in comparison with the previous year.
A slight uptrend is predicted to continue through the fourth quarter. But, worldwide transport is likely still to be volatile.
“Issues involving disturbed supply chains will be evident at the intersection of land- and marine transport. Axel Mattern is the chief executive of Port of Hamburg Marketing. He stated that vessels are still being cleared at Hamburg Terminals.
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