Asia’s largest ports are showing signs that congestion is easing ahead of the holiday season, a potentially positive step for key trade gateways in the U.S. that are still battling an influx of imports.
Total traffic in Shanghai-Ningbo declined by 0.2% from the previous week and Hong Kong-Shenzhen’s ship count dropped 10.4%, according to an analysis of data by Bloomberg News. Singapore, Asia’s third-largest trade hub, saw a week-on-week drop of 14.7% as a backlog visible since early November looked to be largely cleared.
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November 19, 2021 at 08:49PM
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Port Congestion Eases in Asia While U.S. Battles Import Deluge - Bloomberg
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