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Ocean transits showed marked improvement in fourth quarter

[ January 19, 2023   //   ]

There has been a marked improvement in transit times in the fourth quarter of 2022, according to E2open’s latest Ocean Shipping Index.

The supply chain software platform said its latest report – encompassing 420,000 connected enterprises managing 13.5 billion transactions and tracking 71 million containers annually  -showed that it took companies an average of 63 days from booking with an ocean carrier and completing the cross-ocean journey and delivering goods to truck or rail carriers, an eight-day reduction from the same quarter last year.

It added that the top ports contributing to the improvement were Tuticorin, India; Valparaiso, Chile; Los Angeles, US; Vancouver, Canada, and Jeddah, Saudi Arabia. 

Exports from Asia to Europe and North America saw cross-ocean journeys reduced by eight and nine days, respectively, from the prior three months, and down 12 days from the same quarter in 2021.

The major drop in demand for goods out of Asia has continued to reduce port congestion and resulted in shorter transit times. There was also a notable reduction in the booking-to-gate time for shipments out of Asia.

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