Financial Ports

Port Congestion Hits 4.3m TEU: Worse Than Covid-Era Chaos

CLAVE 1 / 44.3 million TEU are now waiting to berth at ports worldwide, exceeding the Covid-era record of 4 million TEU.

CLAVE 2 / 4Congested tonnage represents 12.6% of the global fleet, driven by tropical storms in East Asia.

CLAVE 3 / 4Waiting times at Shanghai’s Yangshan terminals stretch to seven or eight days for some carriers.

CLAVE 4 / 4Freight rates soar as the Shanghai Containerized Freight Index hits 3,355 points, up 156% since the Iran conflict began.

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