Congestion at Asian and European ports keeping charter rates firm
UPDATED TO CHANGE ECONDB DELAYS FROM VESSEL WAITING TIMES TO CONTAINER DWELL TIMES. Bottlenecks at Asian ...
Photo: Barcelona Europe South Terminal
With the Red Sea crisis continuing to perpetuate congestion across key container hubs in the West Mediterranean, a planned greenfield port in Morocco could become one of the most hotly contested port concessions in recent history.
Utilisation levels at the larger West Mediterranean container terminals have continued to climb over the past fortnight, as large volumes of ex-Asia shipments destined for the East Mediterranean have been transhipped.
The rerouting of vessels around the Cape of Good Hope has effectively cut off ports ...
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