Boxport congestion is growing across multiple continents. Clarksons’ containership port congestion index shows that, as of last Thursday, 36.2% of the global fleet was at port, up from 31.5% in the pre-pandemic years from 2016 to 2019, with Clarksons observing in its latest weekly report that congestion on the U.S. east coast has recently risen to near-record levels.
An operational update from German carrier Hapag-Lloyd, issued on Friday, highlighted the myriad congestion issues facing carriers and shippers around the world.
Across key Chinese ports such as Ningbo, Shenzhen and Hong Kong, terminals are under pressure with yard and berth congestion thanks to ongoing COVID measures and the typhoon season.
At other key Asian ports, yard density is reported hitting 80% in Singapore and is higher still, at 85%, at South Korea’s top port, Busan.
Read more in an article from Splash.