China

Ports

March Throughput Surprises

Chinese container ports recovered by a stronger expected rate in March, with a 0.1% year on year gain and a 11.0% rebound from the February lows that were affected by the Chinese New Year holidays.

Port Congestion

Port congested eased last week

Global port congestion has eased slightly over the past week, due to reduced queues at China with carriers omitting calls at Shanghai as export cargo volumes have been substantially affected by the extended lockdowns. Waiting times at Shanghai and Ningbo remain at less than 2 days on average...

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