Vessel buildup grows at West Coast ports as maritime supply chain begins to break, echoing Covid chaos

 

June 8, 2023

• There have been delays in processing vessels at terminals within the Port of Los Angeles and Long Beach.
• One shipping expert told CNBC that current vessel wait times are breaking ‘normal’ and a ‘stressed’ maritime supply chain not seen since the Covid peak is back.
• Gene Seroka, the executive director of the Port of Los Angeles, said on Thursday morning in a CNBC interview that the situation had improved on Thursday, though cargo is not moving normally.
• The Department of Transportation and Biden Administration are said to be closely watching the developments at the West Coast ports as trade groups from retail to manufacturing warn of economic damage and urge the Biden administration to step in.
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