Log stocks in China have not increased but there is a lot of volume on boats queuing at Chinese ports. Some industry observers estimate log stocks could be over 7m m3 including all the volume on the water. Congestion in China has reached the point where at the end of August approximately six percent (599) of the worlds handy size fleet capacity was queueing off the China coast, PFOlsen reports. This has two effects, high demurrage, and reduced shipping capacity. This congestion has been caused by China authorities reacting to Covid outbreaks ...
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