Port Congestion Beat Its 2022 Record. The Share of the Fleet Stuck in Queues Is Smaller.
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A record 4.31 million TEU of ship capacity is waiting to berth, beating the 2022 peak. But it is 12.6% of the fleet against 15.7% then — and that gap is the whole story for anyone buying freight this quarter.
Washington Counts 40 Ships Through Hormuz. Commercial Trackers Count a Dozen.
US officials describe dozens of escorted ships and up to 18 million barrels a day crossing Hormuz. Commercial trackers record about a dozen transits against a pre-war hundred — and the insurance market has already picked a side.