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The shortage of shipping containers, congestion at ports, and skyrocketing freight rates affecting global trade will continue for “a long time”, the head of an Emirati multinational logistics company has warned.
Sultan Ahmen, chief of DP World, said bottlenecks are being caused by pandemic-related restrictions and the rapid recovery of global demand, as reported by Al Iqtisadya.
The statements were made at a conference in Dubai, where Ahmen said: "No one knows how long it will take, and I think it will take a long time."
"The problem is complicated because you have a backlog of shipments," he added.