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The Clarksons Port Congestion Index reached a new high, with 37.3% of containership fleet capacity in port on 21 October against a pre-Covid average of 31.4%. Bulk carrier capacity at port also hit a record 36.2%.
The ClarkSea Index reached a twelve-year high.
Record congestion sustains high freight rates and vessel delays, tightening shipping capacity and raising costs for bulk feed and grain cargoes.
insights.clarksons.netStephen GordonOct 22, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
