Port congestion eases in the United States, shifts to Asia
The average number of ships waiting per day at Asian ports increased from 13 in December 2021 to 22.5 per day last month. Source: Seatrade Maritime
Capacity shortage on intra-Asia pushing up rates and manufacturing costs
Reduced container shipping capacity on intra-Asia trade lanes has led to fewer sailings, higher rates and increased manufacturing costs. Source: The Loadstar