Chinese port congestion approaching record levels
Sam Chambers July 24, 2020 https://splash247.com/chinese-port-congestion-approaching-record-levels/
Chinese port congestion is approaching record levels thanks to rampant demand, dire weather and slower operations because of Covid-19 protocols.
For capesizes, Breakwave Advisors estimated earlier this week 7% of the global fleet is currently stuck in ports, a number that is double the level compared to a few years ago.