Chinese Port Congestion Approaching Record Levels

Chinese Port Congestion Approaching Record Levels

July 26, 2020–MaritimeExecutive.com

Chinese port congestion is approaching record levels due to burgeoning demand, bad weather and slower operations because of Covid-19 protocols. It is estimated that seven percent of the global capesize fleet is currently stuck in ports, a number that is double the level compared to a few years ago. At the start of this week, the volume of laden capesize tonnage waiting to discharge in China reached 14 million dwt – the highest level recorded, representing a near four-fold increase on average congestion during July 2019. This translates to 71 ships, or about four percent of today’s trading fleet.

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