|Port congestion highest in China|
|Thursday, 14 January 2010 13:58|
China: Port congestion is at its highest since July 2009. The number of Capesize bulkers waiting to berth at Chinese iron ore ports hit a high at 45 vessels in July 2009, but this month, the number has risen to 60.
According to SSY Consultance and Research, congestion is most severe at the ports of Beilun, Caofeidian, Qingdao and Rizhao.
Around the world, there are 27 Capesize vessels waiting to load iron ore off Brazil and 23 vessels waiting to load in Australia.
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