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Global container port congestion has climbed beyond the levels recorded during the Covid era, removing more than 4.3m teu of capacity from circulation and helping keep freight and charter rates elevated. Data from Linerlytica shows 4.3m teu is now waiting to berth at container ports worldwide, surpassing the previous absolute peak of 4m teu recorded …
Global container port congestion has reached a new high as East Asia’s typhoon season continues to disrupt vessel schedules, with more than 4.3 million teu now waiting to berth. On Sunday, Typhoon Narra hit southern China, compounding cargo backlogs caused by typhoons Bavi, Noul, and Dolphin. And the situation is unlikely to be relieved any time soon, with Typhoon Saudel set to make landfall along the coast from central Zhejiang to central ... The post Global port congestion at new high as more typhoons hit China appeared first on The Loadstar .
Rerouted refined product cargoes are absorbing tonnage faster than the orderbook can replace it.
