Ningbo Disruption Adds to Equipment Shortage

Recent disruptions in Ningbo and Vietnam as a result of the pandemic are set to worsen an already tight equipment supply situation in China, driving up shipping costs again.

Data from equipment platform Container xChange indicates that early disruptions at Yantian and nearby terminals in May and June are still causing “disruptive ripples” in the supply chain.

“We saw a real and measurable spike in container prices and a major drop in container availability when terminals at Yantian saw operations disrupted through most of June,” said Container xChange co-founder Christian Roeloffs. “Early indicators suggest we are likely to see the same impact in Vietnam and at Ningbo.”

Read more in an article from Lloyd’s Loading List.

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