PORT CONGESTION

Congested European ports not enough to cushion falling volumes

While unrelenting port congestion in Europe has made liner operators skip some calls, it has been insufficient to prop up the freefall in freight rates.

Alphaliner, in its latest report today, stated that Shanghai – North Europe spot freight rates have fallen by 48.5% in Q3. Its count of vessel arrivals for the 18 mega-alliance services between the Far East and North Europe (six for 2M, seven for OCEAN Alliance and five for THE Alliance) in Rotterdam, Hamburg, Bremerhaven, Wilhelmshaven,...

https://container-news.com/congested-european-ports-not-enough-to-cushion-falling-volumes/

US imports sink in September, suffer steepest drop since 2020 lockdowns

a photo of a container import port

First came the pullback in spot shipping rates from their historic peak. Then came reports of plunging Asian bookings and mass retail order cancellations, with spot rates falling even faster. Now, all of this is finally showing up at America’s ports.

According to Descartes, which aggregates U.S. Customs data, inbound volumes to all U.S. ports totaled 2,215,731 twenty-foot equivalent units in September. That’s down 11% year on year and 12.4% from August.

Chart: Descartes. Data: Descartes Datamyne)

https://www.freightwaves.com/news/us-imports-plunge-in-september-suffer-steepest-drop-since-2020-lockdowns

Global port congestion cut in half; return to normality forecast for Q1 2023

Pictured: a container port. As the global supply chain situation normalises, ports have been able to clear their backlog. Delays at ports overseas greatly and adversely impact seaborne logistics to / from Australia. Photo credit Chuttersnap via Unsplash.

“50% of congestion has been resolved”, analyst Sea Intelligence has declared to the industry in its most recent early October update.

The proportion of the global boxship fleet unavailable due to port delay has dropped to 7.9% from a peak of...

https://www.shippingaustralia.com.au/global-port-congestion-cut-in-half-return-to-normality-forecast-for-q1-2023/

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