Germany’s largest port will see volatile transport chains for the rest of the year

Berlin — Germany’s Hamburger port, Europe’s third largest port, reported a 2.9% increase in sea freight in the first nine months of 2021 on Tuesday, while global transportation chains remain the rest of the year. Warned that the period would remain unstable.

World trade is undermined by log jams at container ports caused by unexpected surges in demand during the coronavirus pandemic, labor shortages, and disruptions caused by traffic congestion.

The crisis weighs particularly heavily on Germany, Europe’s largest economy and the cornerstone of international trade, where one in four jobs depends on exports.

According to the port, rail container transport reached a record high, with containerized general freight increasing 1.5% in the first three quarters of this year compared to the same period last year.

The port is expected to continue its slight uptrend until the fourth quarter, although global transport is likely to remain volatile, in a statement.

“The problem of supply chain disruption continues to be seen at the intersection of land and sea transport. At the Hamburg Terminal, ship clearances are still tight,” said Axel Matane, Chief Marketing Officer of Hamburg Port. I am saying.