February 8, 2015
Insufficient port capacity and productivity (click here) are looming large as restraints on trade growth, with Asia likely to suffer the most if delays in upgrading infrastructure threaten the sustainability of thriving intra-regional trade.
For many working in the logistics industry, last year will be remembered as one of gridlock on the docks, with a number of ports around the world, including Hong Kong, Shanghai, Qingdao, Manila, Rotterdam and those on the US west coast, suffering from congestion.
Tim Wickmann, the chief executive of MCC Transport, the intra-Asia container shipping arm of AP Moller-Maersk Group, was among those who dealt with delayed shipments on a daily basis. "In my 25 years' experience in shipping, 2014 was the worst I've seen in terminal congestion in Asia," he said. "Congestion in Manila and Hong Kong was a huge problem for us."
Wickmann estimated trade growth would create three million extra handling moves for Asian terminals....
Maybe the business world hasn't kept up with what is happening in ship building?
For perspective, this is that little tiny man in the picture.
This is just an example and maybe the best example of the LACK OF PREPAREDNESS Wall Street practices while believing they are making the deal of the century with the White House. While Wall Street is playing with all it's exotic instruments the potential to reality isn't there.
Trade Agreements like the TPP or the Atlantic Ocean version is suppose to happen BECAUSE there are problems to iron out, NOT, because there is reason for political pledges of money.
The potential to the ability of trade for the countries involved in these so called agreements has already been realized. Why do you think so many ports along these trade agreements are on strike? The entire reality hideous. The ability of the countries involved to handle the increased trade is not there. It is already maxed out.
I am curious what the injury incidents have been with the USA ports seeing all these ships coming in ?
There have been some deaths on foreign ships (click here).
This probably says it all. The video below occurred about ten months ago. The treaties aren't attached to reality. They are more than likely being touted as a way to higher job numbers and better economic growth. It just isn't there and won't be until all the ship routes and docks are ready. There are videos of ships within the shipping lanes colliding. Over crowding the shipping lanes themselves.
There is too much stress in the system. Yes, the shipping industry is a system. It has infrastructure and is a system. When stressed there are problems that manifest. More demand on the lanes, more potential to accidents and ship incidents. All the statistics go through the roof along with the lust for greed on Wall Street. So, while big box stores in the USA are promising lots of new opportunity to jobs, the liability all along the way is increasing and causing losses unmeasured at Walmart. Companies that utilize international commerce don't have their own fleets and have no clue what is occurring there.
More is not better. Better is better.