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Chinese port congestion approaching record levels

Chinese port congestion is approaching record levels thanks to rampant demand, dire weather and slower operations because of Covid-19 protocols. For capesizes, Breakwave Advisors estimated earlier this week 7% of the global fleet is currently stuck in ports, a number that is double the level compared to a few years ago. Braemar ACM notes that …

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Chinese port congestion is approaching record levels thanks to rampant demand, dire weather and slower operations because of Covid-19 protocols. For capesizes, Breakwave Advisors estimated earlier this week 7% of the global fleet is currently stuck in ports, a number that is double the level compared to a few years ago. Braemar ACM notes that …

[post_title] => Chinese port congestion approaching record levels [post_excerpt] => Chinese port congestion is approaching record levels thanks to rampant demand, dire weather and slower operations because of Covid-19 protocols. For capesizes, Breakwave Advisors estimated earlier this week 7% of the global fleet is currently stuck in ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => chinese-port-congestion-approaching-record-levels [to_ping] => [pinged] => [post_modified] => 2020-07-24 07:37:44 [post_modified_gmt] => 2020-07-24 07:37:44 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=124532 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )