Pakistan Port Congestion
Major congestion at Karachi is currently causing heavy delays and short shipments, with Port Qasim possibly the worst affected. The recent tensions and subsequent slowing down of cargo at the Afghanistan/Pakistan border has impacted the movement speed of goods through Pakistan’s main ports.
Karachi is no stranger to port congestion, but the heightened situation is expected to continue for at least the next 2 to 3 weeks. There may be light at the end of the tunnel for long term sufferers of delays, as the long awaited first phase of the Pakistan Deep Water Container Port recently started trial operations. The terminal had its first arrivals last month from APL and MSC.
Pakistan often seems to make headlines for the wrong reasons, although it has also been making headlines for its current economic growth and blistering stock market. Last year the Karachi 100 Index rose 43%, which reportedly made it the best performing market in Asia and the fifth worldwide.
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