Congestion at North Continent main ports have worsened noticeably in the past week, with average waiting times at Rotterdam, Antwerp and Hamburg rising to over 2.5 days, with barge traffic also affected by recent low water conditions.
Carriers are still pushing for a July Asia-North Europe rate hike with the SCFI recording a 10.6% increase last Friday while the SCFIS registered its 5th consecutive weekly gain with a larger than expected 9.6% jump on Monday. Scepticism remains on the carriers’ a