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World’s busiest container port – Shanghai severely congested

April 24, 2017
World’s busiest container port, Yangshan in China’s business hub of Shanghai severely congested

Excerpt from Reuters
More than 100 container vessels are now waiting outside the port, where the average waiting time at berth last week went up 6.2 percent, to 18.2 hours, versus the previous week.
German container shipping line Hapag-Lloyd told customers in a notice on Thursday that it was monitoring the situation closely and working with the port to minimize delays.Denmark’s Maersk Line, part of A.P. Moller-Maersk, also confirmed that some of its vessels had been affected by the congestion.
A rejig in global container shipping alliances involving more than 10 ocean carriers, including Maersk, Hapag-Lloyd, COSCO Shipping and Yang Ming Marine Transportation took effect on April 1, causing route adjustments and also putting into operation larger ships.
Executives also say demand for ocean freight has begun improving after years in the doldrums, fueling an increase in volumes and rates. Shanghai has been the world’s busiest port by container volumes since 2010. It processed 37.1 million boxes last year, up 1.6 percent from the previous year, it said in a stock market statement last month.
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