SINGAPORE : Global container port congestion is now around 9 million TEU, close to the peak of 9.6 million TEU seen during the Covid-19 pandemic, according to a Clarksons report.
The world’s largest shipbroker said in a report that the Red Sea crisis, which has seen container vessels detouring round the Cape of Good Hope, has added circa 12% to TEU-mile demand.
Clarksons analyst Trevor Crowe wrote: “It has been a better than expected year so far for trade volumes – this has helped drive markets to exceptional levels . . .
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