China is the largest container cargo handler - processing around 30% of global traffic or around 715,000 containers a day in 2019 - and the virus clampdown impacted supply chains of everything from sneakers and machine parts to technology components and food items.
China’s top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased.
The flu-like epidemic, which originated in the city of Wuhan, an inland logistics hub in Hubei province, has killed more that 2,700 and infected over 78,000 in China alone, and caused massive port congestion due to labor shortages caused by city lockdowns across the country.
China is the largest container cargo handler - processing around 30% of global traffic or around 715,000 containers a day in 2019 - and the virus clampdown impacted supply chains of everything from sneakers and machine parts to technology components and food items.
The average wait time for container vessels at Zhoushan (601018.SS) in southern China - the third-largest container port in the world by annual handling capacity - spiked to more than 60 hours in the week of Feb. 11-17, when travel curbs on workers returning from the prolonged Lunar New Year holiday forced ports to operate with skeleton staffing.
That was around 15 hours longer than the week before the holiday, and nearly 20 hours more than the average in early January before the travel restrictions, according to Shanghai International Shipping Institute (SISI) data.
But turnaround times at Zhoushan and other ports are starting to improve as more container crane operators, customs officers, tugboat pilots and other key logistics links slot back into place.
“The turning point has arrived... We are seeing that port congestion has eased and logistics start to revive,” said Xu Kai, director of the Shipping Information Research Institute at SISI.
A shortage of truck drivers to ferry containers in and out of the port has caused crucial bottlenecks.
The city of Ningbo, which includes Zhoushan, has 24,000 registered container truck drivers, 95% of whom come from other regions, according to the Ningbo-Zhoushan port authority.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Severity: Warning
Message: count(): Parameter must be an array or an object that implements Countable
Filename: amp/news_details_amp.php
Line Number: 252
Backtrace:
File: /home/smartmarketnews/public_html/application/views/amp/news_details_amp.php
Line: 252
Function: _error_handler
File: /home/smartmarketnews/public_html/application/controllers/Amp_controller.php
Line: 41
Function: view
File: /home/smartmarketnews/public_html/index.php
Line: 315
Function: require_once
Smarter Decisions with Smart News
Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.
media@smartmarketnews.com | sales@smartmarketnews.com
Contact Us