2026-10-23 US West Coast
HCM-UWC 8,174 USD/FEU -4.56% Index 3,983 pts
2026-10-23 US East Coast
HCM-UEC 11,055 USD/FEU -1.64% Index 3,383 pts
2026-10-23 Northern Europe
HCM-NEU 3,883 USD/FEU +14.87% Index 2,672 pts
2026-10-23 Mediterranean
HCM-MED 4,226 USD/FEU +3.89% Index 2,309 pts
2026-10-23 China
HCM-CHN 86 USD/FEU -0.01% Index 1,012 pts
2026-10-23 Korea
HCM-KOR 354 USD/FEU +10.18% Index 1,186 pts
2026-10-23 Japan
HCM-JPN 526 USD/FEU +0.05% Index 1,699 pts
2026-10-23 Southeast Asia
HCM-SEA 339 USD/FEU -0.29% Index 1,735 pts
2026-10-23 Oceania
HCM-ANZ 4,811 USD/FEU -3.71% Index 7,613 pts
2026-10-23 Middle East
HCM-MEA Suspended
2026-10-23 South America
HCM-SAM 5,519 USD/FEU -6.92% Index 3,448 pts
2026-10-23 South Africa
HCM-ZAF 4,939 USD/FEU +3.36% Index 2,807 pts
2026-10-23 East & West Africa
HCM-EWA 5,249 USD/FEU +2.70% Index 1,337 pts
2026-10-23 Global
VCFI Composite Rate 5,141 USD/FEU -2.21% VCFI Composite Index 3,553 pts -1.89%
2026-10-23 US West Coast
HCM-UWC 8,174 USD/FEU -4.56% Index 3,983 pts
2026-10-23 US East Coast
HCM-UEC 11,055 USD/FEU -1.64% Index 3,383 pts
2026-10-23 Northern Europe
HCM-NEU 3,883 USD/FEU +14.87% Index 2,672 pts
2026-10-23 Mediterranean
HCM-MED 4,226 USD/FEU +3.89% Index 2,309 pts
2026-10-23 China
HCM-CHN 86 USD/FEU -0.01% Index 1,012 pts
2026-10-23 Korea
HCM-KOR 354 USD/FEU +10.18% Index 1,186 pts
2026-10-23 Japan
HCM-JPN 526 USD/FEU +0.05% Index 1,699 pts
2026-10-23 Southeast Asia
HCM-SEA 339 USD/FEU -0.29% Index 1,735 pts
2026-10-23 Oceania
HCM-ANZ 4,811 USD/FEU -3.71% Index 7,613 pts
2026-10-23 Middle East
HCM-MEA Suspended
2026-10-23 South America
HCM-SAM 5,519 USD/FEU -6.92% Index 3,448 pts
2026-10-23 South Africa
HCM-ZAF 4,939 USD/FEU +3.36% Index 2,807 pts
2026-10-23 East & West Africa
HCM-EWA 5,249 USD/FEU +2.70% Index 1,337 pts
2026-10-23 Global
VCFI Composite Rate 5,141 USD/FEU -2.21% VCFI Composite Index 3,553 pts -1.89%
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Wednesday, 29/10/2025, 11:26 (GMT +7)

626

US-China Tensions Escalate: Wait Times at Chinese Ports Hit Highest Level Since 2022

Waiting times for bulkers and tankers at Chinese ports have surged to their highest levels since 2022 due to new port fee measures, causing supply chain congestion just ahead of a key U.S.-China summit.

bulkers-at-shanghai-port-china

Bulkers at Shanghai port, China (Photo: Xinhua/Alamy/Phaata)

 

The meeting between Chinese President Xi Jinping and U.S. President Donald Trump in South Korea this weekend is being highly anticipated by global commodity markets, as supply chains struggle with vessel congestion off China at levels not seen in years.

Data from maritime analytics firm Sea shows that waiting times for commodity vessels at Chinese ports have reached their highest level since the second quarter of 2022.

Analysts at MB Shipbrokers attribute the congestion to new Chinese fees on U.S.-linked vessels and broader trade tensions. Over the past two weeks, Beijing and Washington have issued higher port fees on each other's vessels, a move that comes as President Trump seeks to curb China's maritime dominance.

According to the analysis from Sea, the congestion at Chinese ports is most pronounced for tankers and bulkers, while container ships have been unaffected. This sharp spike in waiting times coincides perfectly with the October 14 implementation of the new port fees.

"There is no material change in container vessels waiting at Chinese anchorages," Hua Joo Tan, co-founder of container consultancy Linerlytica, told Splash.

 

SeaChinaPortDays

 

Optimistic Signals Ahead of Summit


According to the U.S. Treasury Secretary, the U.S. and China have reached an agreement on the framework of a potential trade deal, which will be finalized when the leaders meet this weekend.

Scott Bessent said the framework includes a "final deal" on TikTok's U.S. operations and China's suspension of planned restrictions on the export of rare earth minerals.

Bessent added that he does not expect the 100% tariffs proposed by Trump on Chinese goods to take effect. Furthermore, in a major boost for the Panamax bulker segment, Beijing is expected to resume large-scale purchases of U.S. soybeans.

Mr. Trump and Chinese President Xi Jinping are scheduled to meet on Thursday (October 30), and the port fees are also likely to be on the table for discussion.

 

See more:

 

Source: Phaata.com (According to Splash247)

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