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While container freight spot rates are dropping, U.S. imports continue to be strong.

Year-on-year, the benchmark has appreciated 170 percent and is up 71 percent since the end of 2021.

The 2022 score has been slightly below the 2021 level in each of the first five months, says Sea-Intelligence

Clogged bottle Shanghai will drain and vessels carrying pent-up cargo arriving at destinations will become problematic

There has been continuing improvement in overall congestion index over the past month in Europe

Caveat: Hapag-Lloyd’s operational performance in relation to their equipment is taken as a proxy for the entire market.

Despite being the highest 2022 reliability figure so far, the score is still slightly below the 2021 level