新型冠狀病毒

Covid outbreak at Chinese port exacerbates global supply chain delays

Weeks of disruption in Shenzhen help push container freight prices to record high

Weeks of disruption at one of the world’s largest container terminals in southern China have put a huge strain on the already-stretched global shipping industry, worsening supply chain delays for manufacturers and retailers around the world.

Yantian terminal in Shenzhen closed for almost a week in late May after port workers tested positive for Covid-19; weeks later, productivity has only recovered to about 70 per cent of normal levels.

Yantian handles 13m 20-foot shipping containers a year, making it the third-largest terminal in the world. But congestion at the facility, operated by Hong Kong-headquartered Hutchison Ports, has spilled over to other nearby terminals such as Nansha and Shekou. Local authorities in the region blocked roads and closed off some business zones in a bid to stop the spread of the virus.

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