Clarksons reports on global container congestion

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Global container port congestion is now around 9 million TEU, close to the peak of 9.6 million TEU seen during the pandemic, according to a Clarksons report. Clarksons’ global containership port congestion index shows that the percentage of boxships waiting in port has gone up from 27.5% in late February to 31% in late June. Congestion is stated to be currently tying up 3-4%percent of the fleet, compared to 6-7% during COVID, reaching an 18-month high. The mass rerouting has lengthened transit times for goods from Asia to Europe, further causing capacity constraints out on the ocean and leading to congestion at the two largest ports in the world, Shanghai and Singapore. EconDB’s data shows that at the port of Singapore, the busiest container port in the world, 61% of calls have been delayed over the past week. Transshipped and outbound containers have a dwell time of around 10 days with 90% of containers ship arriving late. The Maritime and Port Authority of Singapore and port operator PSA are working with liner operators to have their ships refuelled and restocked while waiting to berth.

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