Vessel delays are finally abating somewhat, and the terminal congestion indicators are also showing signs of improvement. That said, the congestion situation is still far from normal. We analysed these developments in issue 566 of the Sunday Spotlight. While 10.5% of the global fleet is still unavailable due to supply chain delays, it has dropped from 13.8% in January. This means that 3.3% of the global fleet has been released back into operation from January to April. As shown in figure 1, CCFI freight rates are highly correlated to the capacity absorption rate, clearly showing how this loss of capacity is the most important factor in the ongoing crisis. (....)