Tag: port congestion

Global port congestion will last until early 2023 and keep spot freight rates high, logistics executives said, urging charterers to change to long-term contracts to address shipping costs.

In its latest report, Windward focuses on the recent re-opening of the Shanghai port and the impact it will have on the supply chain.

Vessel delays are showing signs of improvement, and the terminal congestion indicators are also showing getting better, Sea-Intelligence's Sunday Spotlight reports. 

A joint research piece by Windward and Sea-Intelligence focuses on overall transit time developments, congestion in Shanghai and what may happen when the port opens fully, plus questions supply chain planners should consider when adapting to this unprecedented situation.

Marine insurer Allianz Global Corporate & Specialty SE (AGCS) issued the Safety & Shipping Review 2022, explaining that while the Covid-19 pandemic resulted in few direct claims for the marine insurance sector, the impact on the welfare of crews and the boom in shipping and port congestion, exacerbated by the Ukraine invasion, raises potential safety concerns.

South Carolina (SC) Ports officials announced that they have reduced the backlog off Charleston, while also continuing to handle a record number of containers.

According to Yang Ming Marine Transport Corp., a Taiwanese container shipping company based in Keelung, port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing.

Predictive Maritime Intelligence company, Windward, released its latest insights indicating that 1 in 5 container vessels globally is waiting outside a congested port - of which 27.7% in China.

Currently, there are 477 bulk cargo ships waiting to deliver resources from metal ore to grain into China, as the country's lockdown is creating supply chain issues.

Shanghai is entering its third week on lockdown, while supply chains are feeling the impact of China's zero-covid policy with trucking capacity cut and many factories and warehouses closed.