Read this in The Manila Times digital edition.
GLOBAL container port performance saw a decline in call size across regions in the second quarter of 2023, according to S&P Global Market Intelligence.
Turloch Mooney, director of S&P Global Market Intelligence, said: "Systemic global port congestion has all but evaporated as operational conditions at global ports continue to improve following the unprecedented levels of disruption triggered by the Covid-19 pandemic. The biggest performance improvements are evident in North America, which, as the world region that suffered the severest delays, is now seeing the steepest recovery overall despite persistent delays and lower levels of ocean-side performance at some key ports."
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