Carriers could correct charter market boom
A charter market correction could be looming amid the deterioration in spot rates. Citing the ...
Even as some factory production restarted in Shanghai this week, new data has shown a “near-doubling” of port congestion across China since the latest lockdowns began.
According to predictive intelligence company Windward, there were 506 container vessels waiting outside Chinese ports on 12-13 April, compared with 470 in March and 260 in February, before the first major lockdown began in Shenzhen.
The company said: “Lockdowns in China are heavily impacting the congestion outside the country’s ports, as the number of container vessels ...
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