As global supply chain disruption continues there has been a significant improvement in the number of containerships waiting at port for berths according to analysis by Sea-Intelligence.
Since between January and April the percentage of the global fleet unavailable due to delays fell from 13.8% to 10.5%.
“This means that 3.3% of the global fleet has been released back into operation from January to April,” commented Alan Murphy, CEO of Sea-Intelligence.
While a marked improvement it still equates to effective 10% cut in global capacity at time when demand remains extremely high.
Looking to the landside a terminal congestion index calculated by Sea-Intelligence shows considerable improvement. The index has fallen from 95% earlier in the year to under 50%, although much of the improvement has been seen in the Med rather the largest ports in North Europe.
“On a port level, distinct improvements are seen in Spain, Italy, and Greece, whereas at the other end of the scale there is not much improvement in Rotterdam and Hamburg,” Murphy said.