Cargo ships are accumulating at Shenzhen, one of China’s busiest ports, as a new Covid-19 outbreak raises the prospect of another round of bottlenecks
shut down factories and warehouses in Shenzhen, raising the prospect of a new round of bottlenecks that could push up freight rates and slow deliveries.
There are more than 35 ships waiting to dock in Shenzhen and another 30 farther north in Qingdao, according to shipping brokers. The Port of Shenzhen, which serves a major manufacturing and export hub, includes the Yantian terminal, which handles about a quarter of all U.S.-bound Chinese exports. Shenzhen remains open, but most manufacturing plants and warehouses were ordered to close this past week, and container loading is falling fast as fewer trucks are arriving.
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