Global trade flows are facing disruption, with multiple data sources indicating widespread port congestion and delays linked to ongoing geopolitical developments involving the U.S., Israel, and Iran.
More than 80 per cent of the world’s 454 mapped ports are classified in critical status, with 60 to 70 per cent severely congested and 45 to 59 per cent highly congested.
“This shows the impact of the three waves of disrupted cargo,” explained Destine Ozuygur, senior market analyst at Xeneta. “The first wave was vessels already in or near the Persian Gulf when the conflict started, the second wave was vessels that departed from Asia before suspensions were announced, and…