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Freight at the centre of a storm that threatens the entire global economy

shipping: This shipping dashboard shows why you should Christmas shop early

Synopsis Dozens of ships are queued up around Yantian and, by one estimate, more than 400,000 20-foot containers were brought to a standstill. iStock With all the money being made, carriers are indeed placing a lot more orders for new vessels. If it seems like shipping delays and soaring delivery costs aren’t getting any better, it’s because they’re both getting worse. Throughout the pandemic, blame for global supply-chain disruptions has bounced from Covid-19 outbreaks to container shortages, from spendthrift Americans gorging on garden tools to a massive ship beaching itself across the Suez Canal in March. Those are still causing problems, but there’s a new hiccup that threatens to prolong the pain, maybe even long enough to upset Christmas shopping: The key export hub of Yantian in the heart of China’s factory belt was partially shut down in June to control virus cases, shrinking what little spare capacity existed in an industry that moves more than $4 trillion wor

This Shipping Dashboard Shows Why You Should Christmas Shop Early

This Shipping Dashboard Shows Why You Should Christmas Shop Early
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Cargo congestion argues for early Christmas shopping this year

Cargo congestion argues for early Christmas shopping this year
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Shipping Woes Means You May Want to Christmas Shop Early

Shipping Woes Means You May Want to Christmas Shop Early
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