Typhoon Saudel forced the suspension of operations at Shanghai and Ningbo ports. This closure marks the third operational halt in three months for these major hubs. Authorities expect the closures to remain in effect through the weekend.
The disruption is pushing global container port congestion to record levels. Shipping analyst Linerlytica reports 4.3 million TEU of capacity is currently stranded globally. This figure represents 12.6% of the entire global container fleet.
North Asia, specifically the area around Chinese ports, accounts for half of the total stranded capacity. The situation poses significant challenges for global transportation and logistics companies.