Typhoon Dolphin strands 2.4m TEU off China, Shanghai waits 87 hours

Summary

Drewry's Intra-Asia Index rose 6% to $1,028 per 40ft box as Typhoon Dolphin, the third major storm to hit China in five weeks, forced vessels to shelter. About 2.4m TEU of boxship capacity is waiting outside Chinese ports, with average vessel waiting times of 87 hours at Shanghai and 36 hours at Ningbo, pushing Shanghai-Jawaharlal Nehru rates up 33%.