China’s Port Bottlenecks Slow Ships, Delay Supply-Chain Recovery

Congestion at ports in China and elsewhere around the world is gridlocking about 10% of the global container-ship fleet, according to shipping line Ocean Network Express.

Ships are “locked up waiting in congested areas” and are burning lots of fuel, Jeremy Nixon, the chief executive officer of ONE, said at the Marine Money conference in Singapore on Tuesday. “If we can release that bottleneck, we can get services back on schedule again.”