Container freight rates set to rise on more China lockdowns ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
The number of container ships waiting off Qingdao, one of China’s biggest ports, has continued to rise, as the country doubles down on its COVID-zero policy, adding more delays to a strained global supply chain.
About 72 vessels were yesterday spotted off Qingdao port in Shandong Province, almost double the amount at the end of last month, shipping data compiled by Bloomberg showed.
The increased delays there and in other parts of China are expected to push up freight rates.
While there is usually a build-up of vessels seeking to enter China following the Lunar New Year holiday, volumes this year are
By Kevin Varley and Ann Koh (Bloomberg) The number of container ships waiting off Qingdao, one of China’s biggest ports, is continuing to rise as the country doubles down on.
FROM seafarers refusing to get back on ships to truck drivers whose concern over Covid-related border closures trumps the lure of higher pay, the transport industry is bracing for another roller coaster year of supply-chain disruptions