Viewpoint: Keep an eye on Shanghai

The latest disruption indicators show no matter how targeted a “zero-COVID” measure is in China, there are impacts to the flow of trade. The latest disruption indicator from Kuehne + Nagel dismisses the downplaying bluster and the claims that the Yantian port was “operating normally.”

Port productivity hinges more on vessels. Otto Schacht, EVP of sea logistics at Kuehne + Nagel, tells American Shipper the disruption he posted on his LinkedIn post “is the effect of the partial lockdown in...

https://www.freightwaves.com/news/viewpoint-keep-an-eye-on-shanghai

What China COVID spike, massive lockdowns mean to shipping

china covid shipping

COVID is not done with shipping yet. China is suffering its worst outbreak since the pandemic began. Shenzhen (population: 17.5 million) went into lockdown Sunday, closing factories. Cases have surged in Shanghai, where new restrictions are in place.  

Shanghai is the site of the world’s largest port, Shenzhen the third largest. When an outbreak hit the Yantian terminal in Shenzhen last June, twice as many vessels were delayed as in the Ever Given accident in the Suez Canal.

How the new outbreak...

https://www.freightwaves.com/news/what-chinas-covid-spike-massive-lockdowns-mean-to-shipping

Ever Given could resume voyage 3 months after Suez Canal grounding

The UK P&I Club, an insurer of the Ever Given, is reporting an agreement has been reached with the Suez Canal Authority (SCA) and the container ship could be released from custody in Egypt soon. 

That’s good news for owners of the cargo aboard the Evergreen Marine-operated vessel, which was en route from Yantian, China, through the Suez Canal to the Port of Rotterdam in the Netherlands on March 23 when it was reportedly hit by strong winds and ran aground. It became stuck sideways in the Suez...

https://www.freightwaves.com/news/ever-given-could-resume-voyage-3-months-after-suez-canal-grounding

Evergreen container ship blocks Suez Canal traffic

Tweets of a ship “stuck sideways” in the Suez Canal may prompt skepticism. And then one sees the images. Indeed, a container ship is stuck sideways in the Suez Canal blocking both northbound and southbound traffic. 

The Ever Given is blocking traffic in the Suez Canal. (Image: MarineTraffic)

The ultra large container ship Ever Given has a carrying capacity of 20,000 twenty-foot equivalent units (TEUs) and was en route from Yantian, China, to the Port of Rotterdam in the Netherlands when it...

https://s29755.pcdn.co/news/evergreen-container-ship-blocks-suez-canal-traffic