September 28th, 2018

The Big Picture: Port Congestion

Queuing Up

Since peaking at more 550 ships at the end of June, the number of vessels waiting in ports to load or discharge has dropped by 22%, releasing 125 ships back into the market over the course of Q3, almost half of which were Capesize. This has boosted apparent supply at a time of record low vessel deliveries from the yards.

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