Rate rises loom as port congestion hits four-year high

AI Summary

Global container port congestion has reached a four-year peak with approximately 3.7 million TEUs, or 11% of the global fleet, currently delayed awaiting berth access. This congestion is expected to pressure shipping rates upward.

Congestion in container ports has crept up to a four-year high, with nearly 3.7m teu, or 11% of the global fleet, currently tied up awaiting berths. The post Rate rises loom as port congestion hits four-year high appeared first on The Loadstar.