Global port congestion is trending down with the delays at US and European ports
easing gradually on slowing cargo demand and improved terminal operations. With
the threat of the US rail strike now averted, further improve-ments are expected
even with the ILWU dockworker contract negotiations on the US West Coast still
unresolved.
Congestion in North Asia has however edged up with a heavy build up of ships in
the Bohai region, with longer waiting times at Qingdao and Busan. The South
Korean tru