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Friday, 4 September 2026 Reading Room

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China faces prolonged port congestions amid typhoons, Mideast war

Major container ports along China’s eastern coast have been experiencing severe congestions in the past few weeks on logistics disruptions amid the typhoon season and the US-Iran war, with current…

  • China faces prolonged port congestion due to typhoons and Middle East conflict.
  • Shanghai and Ningbo ports report 135 and 100 vessels waiting for berths as of September 3.
  • Shipping capacity backlog exceeds 4.3 million TEUs, with canal reductions expected in September.

·hellenicshippingnews.com

Drewry: World Container Index Up 5% Last Week

For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts.

  • World Container Index up 5% last week to $4,465 per container
  • Transpacific routes growth balanced by Asia-Europe decline
  • Spot rates from Shanghai to LA surged 5% to $7,185

·hellenicshippingnews.com

The Week in Alt Fuels: IMO talks resume amid policy divide

Divisions over the ambition, costs and fuel pathways of the IMO’s Net-Zero Framework continue as the GHG working group reconvenes for negotiations this week.

  • 22nd ISWG-GHG 22 underway in London to discuss IMO's Net-Zero Framework.
  • Liberia and Panama propose affordability-based GHG reduction targets.
  • US supports LNG and LBM as long-term shipping fuels.

·hellenicshippingnews.com

Baltic Dry Index Rises to Fresh 2021-Highs

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, extended its upward trend for a third session on Friday, climbing by 4% to a fresh high since…

  • Baltic Dry Index hits fresh 2021 highs at 3,628 points
  • Capesize index climbs 6.4% to 6,427 points since Dec 2023
  • Panamax index sees slight decline of 0.4% to 2,448 points

·hellenicshippingnews.com

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