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Import and export ocean shipment volume at Chinese ports over the past weeks has declined as strict COVID-19 lockdowns have returned in tourist towns.
FourKites reports its data show that, as several large Chinese cities have been rolling out stringent lockdown policies, volume at the Port of Shanghai has started to decrease since the peak in mid-July, down 18 percent since then.
The 14-day average ocean shipment volume is now down 11 percent compared with March 12th (the day before lockdowns went into effect) and down two percent week-over-week for shipments tracked by FourKites.
Read more in an article from Inside Logistics.