17th June 2021 By Staff Reporter | firstname.lastname@example.org | @foodtickernz
Supply chains continue to suffer from severe congestion globally, according to New Zealand Trade & Enterprise’s latest bi-monthly update for May, although some headroom in sea freight to Australia may be on the horizon.
NZTE said that although the Australia route was still congested with overbooking forcing rolled bookings, “capacity does appear to be increasing with additional services providing more space and schedules becoming more regular”.
On pricing, the update found that sea freight price increases seem to be slowing on some trade routes but overall they would remain high, with prices being categorized as “extreme”.
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