The cold snap that hit the northern hemisphere, added to China's appetite for commodities, has created some of the worst traffic jams ever seen at ports handling bulk cargo.
Ships were queuing for an average of 27½ days to collect coal at Dalrymple Bay in Queensland, Australia, according to Global Ports, the analyst.
Simon Francis, Global Ports managing director, said 172 Capesize ships, the largest carriers of bulk commodities, were stuck in queues – nearly a fifth of the 960 Capesizes afloat.
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