Problems due to congestion of ports in China
Owners and operators of bulk carriers began to experience problems due to the congestion of ports.
The queues of bulk carriers at the approaches to ports around the world have reached their peak. The total deadweight of awaiting loading / unloading of bulk carriers last weekend was 142 million tons.
A third of this is in the ports of China. At the weekend, bulk carriers with a record total deadweight of 52.7 million tons stood at the approaches to the country's ports.
“The surge in port congestion in China stems from the fight against Covid-19 and its new strain and precautions for ships entering Chinese ports”.
“In the near future, it seems unlikely that COVID-related problems in China's ports will diminish overnight. As well as problems with limited opportunities for grain expansion and accumulation of agricultural goods”.
There has been an increase in shipments of iron ore to large vessels en route from Cape Town to China. Over the coming weeks, this may provoke an increase in queues from bulk carriers on the approaches to Chinese ports.