Typhoons disrupt ocean freight activity—report
Typhoons disrupted sea operations across Southeast Asia in October, resulting in major shipment delays.
According to a recent Asia Pacific Freight report of Dimerco Express, cargo shipments in Southeast Asia (SEA) were delayed by one to three weeks because of typhoons.
If more typhoons hit the region, congestion at key hubs may worsen, resulting in unpredictable arrivals and delays thus hampering global trade.
Recent data showed that US imports across the Asian routes have slowed down, declining from 1.81 million twenty-foot equivalent Units (TEUs) in July to 1.6 million TEUs in October this year, signifying a “cautious restocking behavior.”
Two consecutive typhoons in the Philippines, Uwan and Tino, hindered sea passenger and cargo operations significantly in ports in Manila North, Manila South, Batangas, Subic, Cebu, Cagayan de Oro, Davao, and General Santos City.
Meanwhile, the industry is looking for a surge in inbound cargo as December usually sees the highest imports in the year.
