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.
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