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SSY News
 CONGESTION IN PACIFIC BASIN DECLINES |
29-09-2009 |
According to SSY’s Capesize Iron Ore Port Congestion Index for China, average berthing delays at China’s leading iron ore discharge terminals have fallen to around 3 days compared with over 17 days in early July, the lowest level since mid-January. Meanwhile, the SSY Australian Combined Port Congestion Index has fallen to a 3-month low of around 7 days.
According to local sources, around 32 and 63 Capes are now waiting to berth at China and Australia’s ports respectively.
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