Congestion ties up 12% of container fleet as trans-Pac peak extends
· Shipping · United States · China
Roughly 12% of global container ship capacity is tied up in port congestion, and Asia delays have removed significant functional capacity from the trans-Pacific trade. Lines now expect the early peak season to run longer, with Far East-US spot rates rising to a post-Hormuz peak.
Why it matters:Port congestion tying up container capacity supports freight rates but strains logistics networks during an extended peak season.
Key points
- Executives at three major container lines say Asia congestion removed significant functional capacity from the trans-Pacific trade in September.
- Spot rates from the Far East to the US ticked up again on 1 October.
- The problem is not a shortage of ships but a growing share of them caught in congestion.
Sources (original reporting)
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