Many containers and tanks find space on a ship only at a late stage, if at all. With this constellation of high demand and limited supply, prices are rising, sometimes to astronomical heights. The phenomenon is caused, on the one hand, by customers that in certain cases are prepared to pay almost any price to get their container on board a ship, and on the other hand by the shipping companies and their pricing strategies.
Shipping companies responded, and began ramping up their reduced supply of ships again to bring as much capacity to the market as possible. But this sudden rise in demand was stronger than expected, and could not be met with a sufficient supply of shipping capacity. This led to an imbalance between supply and demand that continues to this day.
Bertschi Global is currently faced with precisely these challenges. We endeavour every day to procure enough places for Bertschi tanks on the ships. We attempt to mitigate the rising sea freight rates with global sea freight tenders and long-term rates. Given the present patterns, a look to the future indicates that it will most likely take several months before this disruption is absorbed across the maritime supply chain. Further easing is pending in certain sectors, and may lead to additional demand for materials. But we look forward to the system resuming smoother operations, and thank our employees for the dedication they have shown in working through these challenging times.