Covid in China. the third port in the world partially closes. Logistic nightmare coming
The port of Ningbo Zhoushan , the third largest container port in the world, announced partial closure after coronavirus pneumonia was diagnosed on a worker. For what is termed a "system outage," all container services entering and exiting Meishan Pier in Ningbo Zhoushan Port have been suspended Wednesday until further notice.
According to the consulting firm Garda World, the closed terminals represented about 25% of the container load that passed through the port and states that "the suspension could seriously compromise the handling and shipment of goods". German company Hapag-Lloyd said its shipments will be delayed. This is the second time that a Chinese port has recently been closed due to the new corona epidemic following the closure of Shenzhen's Yantian Port since the end of May.
The prolonged closure of Ningbo could jeopardize the recovery of the global economy because it intervenes in the second half of the year, the one with the highest shipments. The result will not only be a slowdown in deliveries, but also an increase in costs because the material needed for transport, from containers to ships, will be blocked longer at sea and therefore not available to meet demand.
The China Health Commission reported on the 11th that on the 10th there were 83 cases in China, of which 54 in Jiangsu province, all concentrated in Yangzhou. The Delta variant virus has spread to more than 10 provinces in mainland China. Recently, major transportation hubs including Shenzhen Yantian Port, Nanjing Lukou Airport, and Shanghai Pudong Airport have all reported the presence of cases related to the virus.
China boasts that it tested Wuhan's six million citizens in one week, but the morbidity of the Delta variant also appears to exceed the CCP's capabilities. The logistics chain of large companies, as well as the supply of low-cost industrial products, are at risk of being damaged again by these localized explosions and closures.
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The Covid article in China. the third port in the world partially closes. Logistic nightmare coming comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/covid-in-cina-il-terzo-porto-al-mondo-chiude-parzialmente-incubo-logistico-in-arrivo/ on Thu, 12 Aug 2021 12:30:15 +0000.