Ports and shipping companies are diverting vessels from a container terminal in China's busiest marine transportation hub which was forced to close after a coronavirus case emerged, as the pandemic strains global supply amid rising retail orders.
Meidong container terminal in eastern Ningbo suspended operations on Wednesday after a COVID-19 case was detected, while nearby Shanghai also recorded the worst congestion in at least three years. read more
On Friday, 37 vessels were waiting to call at Ningbo and 26 vessels queuing for Shanghai, slightly down from 39 and 29, respectively, on Thursday, Refinitiv data showed.
The lockdown of Meidong terminal has sent ripples through the global shipping market, coming ahead of the busiest shopping season at year-end and on top of several supply chain disruptions caused by resurgences of COVID-19, extreme climate events and labour shortages.