Bottlenecks at Asian and European ports are delaying nearly 10% of all container shipping capacity.
This, along with the 6.5% tied up by Red Sea diversions, is supporting charter rates, even as freight prices are trending downwards.
A Linerlytica report today says: “Chinese ports are experiencing a sharp rise in vessel arrivals that has coincided with poor weather and fog closures that have led to longer berthing delays, especially in Shanghai, Ningbo, …
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