Container xChange: Suez Canal closure increases the pressure on Europe’s ports
The anticipated box crunch at European ports following the closure of the Suez Canal at the end of March has been less severe than expected, according to Container xChange.
However, Europe’s leading box hubs are still receiving far more boxes than are departing.
The average CAx reading of incoming 20 foot dry-containers across three of Europe's biggest ports - Rotterdam, Antwerp and Hamburg – climbed just 3% in week 17 compared to the week before.