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It was predicted that China lockdowns would cause container shipping havoc. Six weeks into Shanghai lockdowns, it still hasn’t happened, say two liner CEOs: Maersk’s Soren Skou and Matson’s Matt Cox.
“The port [of Shanghai] is open and operating,” said Skou on Wednesday. Trucking and warehouse disruptions “are slowing things down somewhat and we are seeing an impact on our volumes out of China, but probably less than we would have expected.
“The purchase orders that our customers have issued in China don’t disappear because we have [a lockdown], so obviously they will come later. But right now, we don’t see a huge buildup of volumes.”
Cox reported on Tuesday that “the impact to Matson’s China operations has been minimal. Our terminals are receiving freight and managing empties and our ships are departing Ningbo and Shanghai on time.”
Read more in an article from American Shipper.