# Port congestion. Squeezing the fleet — Breakwave Advisors

> Bulk carrier queues at global ports reached a record high of about 142m dwt, with China accounting for an all-time high of 52.7m dwt, driven by COVID-19 restrictions tied to the delta variant. Congestion outside China follows its normal seasonal pattern tied to harvests and weather. The analysis says the congestion is tightening effective fleet supply and pushing freight rates to record levels.

- Date: 2021-08-21 · published 2021-08-21T12:00:00.000Z
- Category: logistics · region China · magnitude medium
- Page: https://feedsoft.ai/events/45458-port-congestion-squeezing-the-fleet-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Vessel queues in China reduce effective fleet supply and keep dry bulk freight elevated, raising the landed cost of grain and meal imports.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2021/8/21/port-congestion-squeezing-the-fleet

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.