Port congestion! Take up 12.5% of the global transportation capacity out of thin air! More than CMA CGM's total capacity
Currently, how serious is the global port congestion? According to foreign media reports, global port congestion and many container ships lined up to enter the port, offsetting the capacity of more than 3 million TEU, which is equivalent to 12.5% of the global capacity-this offset capacity has surpassed the world's third largest shipping giant. About 12.2% of the total capacity of French CMA CGM ships, equivalent to 3.5 times the capacity when Hanjin Shipping closed in 2016. The above data is an analysis by the British shipping media Lloyd's List quoting Alan Murphy, the chief executive of the shipping research organization Sea-Intelligence. The shipping industry insiders also pointed out that the market reported that the freight rate from China to the Western United States had dropped by more than 30%. The freight rate of the Shanghai Export Container Freight Index SCFI before the National Day holiday in China stopped rising for 20 consecutive weeks, but the decline is limi...