Severe weather conditions and high pre-Lunar New Year cargo volumes have driven port congestion to a new 3 month high. A surge in the number of ships waiting at anchorages across Asia, Europe and North America has pushed the total capacity affected by port congestion globally to 3.3m teu or 10.5% of the fleet.
Chinese ports are extremely congested in the run up to the holidays next week, with both the Yangtze River ports and Pearl River delta ports recording a significant surge in gate and bert