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Port activity across Asia has been calm over the last two months despite the hurricane season. Additionally, with the risk of a global recession rising and exports from western countries slowing down, Asian ports can be expected to maintain stable levels of port congestion in the coming months. This report looks at the congestion situation at all non-Chinese Asian ports.
Status of Port Congestion in Asia
Vessel Delay (Waiting Time at Anchorage)
Waiting time at anchorage can be defined as the amount of time a vessel spends at the anchorage before entering the port. Major ports across Asia experienced little to no vessel delay, with the majority of them having a median vessel delay of less than a few hour.
Vessel Dwell Time (Port Stay)
The vessel dwell time can be defined as the time a ship spends at the port securing the vessel, discharging or loading cargo, and other activities.
October was a month of stability for most Asian ports in terms of port congestion.
Furthermore, with global recession looming, shipping lines are starting to see a decline in container demand, which is expected to continue until 2023. As a result, Asian ports can expect their situation to remain unchanged in the upcoming months.
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