China’s Covid-19 flare up threatens backlog in Shenzhen’s busy port

Cargo ships have since accumulated in one of China’s busiest ports Another Covid-19 outbreak We closed our factories and warehouses in Shenzhen, increasing the potential for new bottlenecks that could boost freight rates and delay deliveries.

According to ship brokers, more than 35 ships are moored in Shenzhen and another 30 or more are moored in Qingdao. Serving as a major manufacturing and export hub, the Port of Shenzhen contains a salt pan terminal that handles about a quarter of China’s total exports to the United States. Shenzhen remains open, but most manufacturing plants and warehouses were ordered to close last week, and container loads are declining rapidly as fewer trucks arrive.

“I have a lot of bikes, but I’ve been stuck 16 km on the highway into the harbor for almost two days,” said Wei Wu, a truck driver traveling through the boxes of European container and logistics operators. rice field. “There is little movement in Shenzhen. I have to test it repeatedly, but I’m not sure if the ship will be allowed to enter the port.”

Shenzhen’s blockade on Friday after President Xi Jinping said at a Politburo meeting that the government should “minimize” the pandemic’s impact on the country’s economy while adhering to the Zero Covid-19 policy. It was partially released.

The Shenzhen government said Friday that more than 12 million cities have resumed work on several factories along with public transport.

Outbreak of Covid-19 Closed Yantian Terminal For almost a month in June, tens of thousands of containers were backlogged, waiting weeks for dozens of ships to be loaded outside Shenzhen. Operators detoured many ships to other ports and eventually returned across the Pacific, causing bottlenecks in the ports of Los Angeles and Long Beach, California.

According to the transport broker, the salt pans have reduced operations at the terminal by about 75%. Daily freight rates across the Pacific surged by a quarter during the blockade as cargo owners tried to find vessels to move their products by calling at other Chinese ports.

In a report last week, freight carrier Seko Worldwide said trucks entering and exiting Shenzhen were restricted, and trucks from Shenzhen to Hong Kong were shut down except for essentials to Hong Kong.

Truck restrictions still remain in Shanghai, the world’s largest port, and some ships are rerouting to Ningbo.

AP Moller-MaerskAS, a Danish boxship company, said the Shenzhen terminal is up but has an emergency response plan and can detour the ship if Covid-19 restrictions remain. I did.

Kuehne + Nagel International AG

A Swiss-based logistics operator said that due to restrictions on transportation between cities, truck drivers arriving in Shenzhen may be switched to avoid delays. The ship is waiting for about three and a half days on average at the salt pans.

According to the Freightos Baltic Index, fares from China to Los Angeles last week were stable at around $ 16,242 per container from the previous week, but remained at record levels, tripled compared to the same period last year.

The Backup outside the port According to the Southern California Marine Exchange, the two largest gateways to Los Angeles and Long Beach were 48 on Thursday, down from a record 109 in early January. Gene Seroka, Secretary-General of the Port of Los Angeles, said he expects ships to surge in the coming weeks.

Analysts said that if the Chinese port remains open, the suspension of manufacturing will eliminate some of the backlogs of boxes waiting to be loaded. However, because the warehouse is closed, it is difficult to find space for incoming containers.

---

Newsletter registration

Coronavirus Briefing and Health Weekly

Once the crisis is over, you’ll be briefed weekly on the coronavirus pandemic and health newsletter.

---

Lars Jensen, CEO of Vespucci Maritime, a Danish-based consulting firm, said: “I hope it doesn’t get any worse than this, but China’s zero coronavirus resistance and Omicron variants are not a happy combination.”

The Latest outbreak Major manufacturers including Foxconn Technology Group

Apple Ltd,

Toyota Motor Ltd

When

Tesla Ltd

Reduce production.

China’s move to contain the outbreak will determine its impact on the global supply chain. About half of China’s exports are produced in areas that address the Covid-19 outbreak, and three-quarters of their exports are shipped from them.

On Wednesday, Taiwan-based Foxconn said workers were able to resume some operations on the Shenzhen campus, where they live in dormitories alongside assembly lines. Tesla, which manufactures Model 3 sedans and Model Y sports utility vehicles in Shanghai, told employees and suppliers that it will stop production last Wednesday and Thursday.

United Parcel Service Ltd

Issued a service alert. According to the company’s website, collection and delivery will be suspended in Shenzhen and Dongguan, and imported products will be stored for 4 to 7 days for disinfection in Zhejiang and other provinces.

—PaulPage contributed to this article.

Write to Costas Paris [email protected]

Copyright © 2022 DowJones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos