Port congestion eased slightly last week but remains highly elevated with 8.5% of the global containership fleet waiting at anchorages at the end of last week. The main improvements were seen in Chinese ports but berthing delays persist at the main ports of Shanghai, Ningbo and Qingdao where high cargo volumes and bunching of vessel arrivals continue to keep ports fully occupied in the busy period before the Chinese New Year.
European port congestion continues to be elevated with significant de