A consortium of container industry heavyweights has enlisted three banks in Asia to advise it on development of trade finance solutions to tether shipping data to new financing opportunities.

Vessel bunching at US ports and unprecedented bottlenecks landside will continue to cripple the US supply chain because a “fantastic peak” of imports from Asia shows no signs of abating for at least six months, according to industry analysts.

Reduced harvesting in Asia has created additional demand for agricultural goods from the US and Australia, but a shortage of intra-Asia feeder ships is preventing exporters from taking full advantage.

Taking aim at a lack of proof-of-delivery certainty in global logistics, Clockwork Logistics Systems has received financial backing from a range of logistics-focused investors.