With demand for the transport of commercial and packaged goods remaining consistently high, port congestion and disruption to supply chains are making headlines but also taking time to normalise.
Extensive port congestion continued to cause multi-layered disruption in September and October. Typical of the situation in ports, Clarksons’ Containership Port Congestion Index set a new record on 21 October, with 37.3% of container vessel capacity at anchor in a port (when the average for 2019 was 32%). According to Clarksons, the ports of China and the US West Coast in particular are major sources of port congestion.
The market outlook for both the remainder of the year and 2022 remains highly positive, with the result that a continuation in port congestion of central ports in North America, China and Europe is expected.
Source : naftikachronika.gr