Global Container Congestion at all Sea Ports
Global Container Congestion is currently impeding supply chains around the world. Data reveals that 10% of the world’s mainliner shipping capacity has been taken out due to global port congestion. The ratio between in port and waiting time has eroded. Hong Kong, for example, has a high waiting ratio, while in North America, Savannah, Oakland, Seattle and Vancouver are experiencing the greatest port congestion. Extreme consumer demand, principally in the USA, has combined with COVID-19 to create shipping and port disruptions all year, leading to unprecedented congestion across the globe as well as record freight rates and all-time lows for liner schedule reliability.