At present, the congestion of container ports is becoming increasingly serious on all continents.
Asia: due to the continuous epidemic and seasonal typhoons, some major ports and wharves in China will face the pressure of yard and berth congestion. The storage yard density of Singapore is 80%, while that of Busan, the largest port in South Korea, is 85%.
Europe: the beginning of summer holidays, rounds of strikes, the increasing number of covid-19 cases and the influx of ships from Asia have caused congestion in many ports.
Latin America: continuous national protests have hindered port operations in Ecuador; The cyber attack on Costa Rica’s customs system two months ago is still causing trouble; The density of storage yards in many ports in Mexico is as high as 90%.
North America: reports of dock delays have dominated the shipping news headlines throughout the epidemic, and entering July is still worrying.
East America: the waiting time for berths in New York / New Jersey is more than 19 days, while the waiting time for berths in Savannah is 7 to 10 days, close to a record level.
West America: On July 1, the negotiation between the American West Wharf and the workers failed to reach an agreement, which cast a shadow on the slowdown and strike of the American West Wharf.
Canada: the situation on the west coast is very bad, mainly due to the limited availability of the railway, Vancouver is facing “serious delays”, and the yard density reaches 90%.
At the start of the peak season, current terminal woes have yet to translate into an uptick in spot freight rates. While still at incredibly high levels, spot freight rates will remain on a downward trend for most of 2022.