Global congestion remain elevated at 2.65m TEU currently waiting at anchorages around the world, accounting for 8.5% of the total fleet. European port congestion has continued to deteriorate of the past week, with very high berth and yard utilization keeping the vessel backlog very high across several main ports with the situation especially acute at Antwerp, Hamburg, Le Havre, Rotterdam, London Gateway, Southampton and Valencia. Overall congestion at European ports are at their highest levels s