A closure of the port already disrupted global supply chains in May last year.
(Photo: Moment/Getty Images)
Frankfurt It was finally good news again. The World Container Index – calculated by the consulting firm Drewry, which focuses on sea freight – had fallen by 3.8 percent to 8832.23 US dollars in the past few days. It measures the average cost of a 40-foot container on eight routes between the US, Europe and Asia.
But the relief for the senders should have vanished by now. The Chinese government’s radical zero-Covid policy has delivered the next shock to global supply chains. Due to the rising corona numbers, there are massive bottlenecks at important ports. In Shenzhen, for example, there is a complete lockdown until March 20th. This also affects Yantian, the world’s fourth largest port. It’s still open, but processing is increasingly coming to a standstill. The ships are already piling up.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further