China Port Delays Threaten New Disruptions in Global Trade



Kyunghee Park | Bloomberg

Severe bottlenecks that have snarled major ports in the U.S. and Europe through the pandemic are now disrupting operations at a key export hub in China that could last until the end of this month and lead to further rise in ocean freight rates.

Yantian International Container Terminals, an operator of terminals at Shenzhen port, was partially closed late last month for a few days after some dockworkers were among those confirmed with Covid amid an outbreak in Guangdong Province. The facility is facing challenges due to efforts by the local authorities to disinfect and enforce quarantine measures that have led to labor shortages.

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