Shanghai port congestion remains at normal season levels, even as COVID-19 lockdowns have been reimposed throughout much of the city, according to new data from VesselsValue.
Average wait times across vessel sectors—tankers, bulkers and containerships—has been falling steadily since peaking in late April at 65 hours as Shanghai re-emerged from two months of lockdowns. Despite lockdowns being reimposed in 13 of the city’s 16 districts, congestion is now back within normal levels.
Containerships, the most frequent users of the world’s largest port, reached a peak waiting time of 69 hours in late April at the height of the Omicron wave, but have since reduced back down to 2021 levesl and are currently trending around 34 hours and continuing to fall, according to VesselsValue.
Credit: VesselsValue
Tankers and bulkers have experienced short-lived levels of heigtened congestion, however both have also returned to seasonal norms.
“As much of Shanghai re enters lockdown, factors such as staff absences that caused congestion to rise in early April do not appear to be such a significant problem this time. Instead, labour strikes in Germany are beginning to lengthen waiting times at Bremerhaven and Wilhelmsen, though curiously not yet at Hamburg,” VesselsValue said in its update.
VesselsValue ends its update posing the question: “Will Northwest Europe become the next big bottleneck for global supply chains?”
Vessels near the Strait of Hormuz have been broadcasting unusual messages concerning nationality in a bid to avoid being attacked as doubts linger over the ceasefire between Israel and Iran, according to maritime risk analytics firm Windward and ship tracking data on Thursday.
Shipping costs for the Gulf have fallen in the past two days after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions increase, shipping and insurance industry sources said on Thursday.
Global merchandise trade accelerated in the World Trade Organization’s latest assessment, with a surge in imports tied to tariff stockpiling outweighing a slowdown in export orders.
5 hours ago
Total Views: 39
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 109,231 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 109,231 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.