THE containership logjam at anchor awaiting berths at Los Angeles and Long Beach has declined to its lowest level since the bottleneck started two years ago, reports Bloomberg.

Eight vessels were in the official queue earlier this week, according to data from the Marine Exchange of Southern California & Vessel Traffic Service Los Angeles and Long Beach - an all-time low - down from a record of 109 in January and 40 a day a year ago.

The backlog forced ships to wait two weeks or more, contributing to record-high ocean freight rates that helped ignite inflation now afflicting economies from the US to Europe.

German shipping giant Hapag-Lloyd reported that its dwell times for Port of Los Angeles import cargo has declined to 4.2 days from a peak of 11 days.

Source: Schednet

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