COVID curbs bite at Chinese ports, threatening global supply chains – Reuters

March 16, 2022 by No Comments

A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin Pollard

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  • Container ship congestion builds at Chinese ports
  • COVID-19 curbs keep port, factory, truck workers home
  • Knock-on impact on goods to U.S., inflation

SINGAPORE, March 16 (Reuters) – The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh wave of global supply chain shocks, ship owners, logistics firms and analysts say.

China is experiencing its biggest spike in COVID-19 infections since an initial outbreak in the central city of Wuhan was contained in early 2020. read more

The spread of the highly-infectious Omicron variant this month has led to movement controls across China, including in key manufacturing hubs of Shenzhen and Dongguan, paralysing factories making goods from flash drives to car parts. read more

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While China’s main ports remain open and vessels are continuing to dock, congestion is building up and some container ships are re-routing to avoid expected delays, according to ship owners, analysts and supply chain managers.

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Source: https://www.reuters.com/business/covid-curbs-bite-chinese-ports-threatening-global-supply-chains-2022-03-16/

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