Total 62 Posts
What may have gone unnoticed by the market is the outperformance of port throughput in China relative to the other Asian cargo origins. Shanghai lockdown has many expected a drop in volume out of China ...
Chinese port volumes were surprisingly resilient in April, with overall container volumes dropping by just 0.2% YoY last month despite the extended lockdowns in Shanghai that brought down the main Chinese port’s throughput by 17.0% YoY.
Container handling volumes at the port of Shenzhen rebounded sharply in April to reach 2.61m teu, for a 18% gain compared to March and 44% against February’s numbers.
Global port congestion continued to fluctuate around 12% to 13% of the global fleet, with the situation remaining very fluid.
Vietnamese container port volumes have recovered strongly from their extended lockdowns at key cities that started in July 2021 and ended only in early October 2021. Port volumes were badly hit during the lockdown period..
The extended lockdown in Shanghai has hurt overall Chinese container port volumes, with Shanghai port reporting a 25% month on month reduction in April. But other Chinese ports have stepped up, with Ningbo reporting a 12% YoY increase. The overall impact on global container volumes is small...
Global port congestion have eased over the past week, with improvements in China and North America helping to bring overall global congestion to 12.6% of the global fleet compared to a peak of 15.0% at the end of March. In China, the berthing delays at Ningbo and Shanghai is improving...
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.
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...
US port gridlock growing despite improvements in LA/LB