Asian ports are grappling with severe congestion, resulting in container ship on-time arrivals falling to 32.2% in August. The average delay for late vessel arrivals has increased to 7.28 days.
Major ports in China have been impacted heavily due to multiple typhoons in the region. Schedule reliability at major ports dropped to 23.9% in August from 35.8% in July.
Shanghai and Ningbo recorded the largest drop in schedule reliability, dropping to 12.2% and 16.9%, respectively. Both Shanghai and Ningbo-Zhoushan are the world’s largest container ports ranked for throughput in the first half of the year.
At Singapore, the world’s largest container transhipment hub, schedule reliability dropped to 32.4% in August from 42.6% in July.
Congestion at Chinese ports and across Asian ports will not clear quickly. Shanghai has a berthing wait time of more than 5 days, with deteriorating on-time performance.
