China Port Congestion Strands Ship Cargos From Grains to Metals

(Bloomberg) — Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain.

Queues of vessels carrying raw materials jumped after Shanghai initiated a citywide lockdown at the end of last month to combat Covid-19. More than two weeks on, the congestion has expanded to nearby Ningbo-Zhoushan as ship owners desperately divert vessels to other ports to avoid the trucker shortage and warehouse closures in Shanghai.