Transpacific container volumes from Asia to the US slipped in the 2nd half of 2022 but still ended the full year with a 3% gain compared to 2021. Exports from China and Taiwan to the US were down -2% and -3% respectively yoy, but all the other key export regions registered positive growth, led by Vietnam (+12%), Thailand (+15%) and Indonesia (+18%). But the momentum has turned negative even for these emerging export markets in Southeast Asia, with all origins recording significant falls in the 2
Congestion has built up around the Chinese ports of Shanghai, Ningbo and Qingdao over the past week, pushing up the number of containerships waiting at Chinese anchorages to 850,000 teu – the highest levels seen since September. The situation could worsen with rising Covid infection rates across Chinese cities after the government eased restrictions, affecting the availability of labor and port handling productivity. Congestion is expected to remain elevated over the coming weeks as Chinese wor
Chinese container ports recovered by a stronger expected rate in March, with a 0.1% year on year gain and a 11.0% rebound from the February lows that were affected by the Chinese New Year holidays.
Global port congestion has eased slightly over the past week, due to reduced queues at China with carriers omitting calls at Shanghai as export cargo volumes have been substantially affected by the extended lockdowns. Waiting times at Shanghai and Ningbo remain at less than 2 days on average...