China has recently announced that Shanghai would go into lockdown, which means that congestion at the port is expected to significantly increase in the next few days.
Our experts at Axxess will be closely monitoring the situation.
On Sunday China announced Shanghai would enter a staggered lockdown, starting on Monday, marking the biggest city-wide lockdown in the People’s Republic since the COVID outbreak began more than two years ago.
For shipping, congestion at the port – already very high – is expected to increase in the coming days, while overseas, terminals in Europe and North America will have to brace for an even larger whiplash effect when the city regains normal productivity – and comes as global supply chains absorb the fallout from a seven-day lockdown in Shenzhen to the south earlier this month.
The authorities have decided to split Shanghai in half using the Huangpu River for the new two-part lockdown. Pudong, the eastern part of the city, is in lockdown from Monday through to Friday as mass testing gets underway, while the western area, Puxi, will lock down between April 1 and 5.
If you have any questions about this, please do not hesitate to contact your agent at Axxess International at 1.866.449.9377.
Source: article from Splash.