So just what is China up to with all the stupid?
From gCaptain:
The number of containerships waiting outside of congested ports has risen sharply in recent months, with 20% of all containerships trading globally now stuck in backups, according to maritime data inteligence firm Windward.
Widespread COVID-19 lockdowns in China have heavily impacted congestion outside the country’s ports, with the number of waiting ships nearly doubling since lockdowns first went into place—climbing from 206 in February to 506 in April, according to Windward.
Looking at the global picture, between April 12-13, there were 1,826 containerships waiting outside of ports around the world, representing approximately 20% of the global fleet, Windward data shows. Moreover, with 506 containerships were stuck outside of China’s ports, the number represents nearly 28% of all ships waiting globally. This compares to almost 15% in February....
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Related, from Reuters via gCaptain:China’s Economy Expands More Than Forecasted in Q1, But Risks to Outlook Abound
