The Closure of Port of Ningbo and the Current Challenging Supply Chain Conditions
The recent closure of the port of Ningbo, only few weeks after the closure of the port of Yantian, has undoubtedly exerted some further unwanted pressure on the world’s supply chain.
The shutdown of the Yantian port in the Chinese city of Shenzhen for a month due to a COVID-19 outbreak has previously placed extra pressure on the global shipping capacity, which has yet to recover from following the Suez Canal blockage in March.
The Drewry World Container Index has risen for 17 straight weeks and sits at $US9421.48 per 40-foot container, a staggering 358 per cent higher than the same week in 2020.
The global shipping index tracking the costs of transporting a 40-foot container shows a blowout of more than 3½ times compared with last year, as new delta strain outbreaks in Chinese ports exacerbate supply chain problems.
The limited available space, due to the scale down of operations and personnel in China and elsewhere, space is at a premium in terms of availability and price.
We ask all our valued customers to please be mindful of these “force majeure” factors, while your DEAN World Cargo service provider is reaching deep to tailor the appropriate solution for your unique business circumstances.
While the closure of the port of Ningbo has caused many challenges, the DEAN World team members have many alternative options, should your shipper be with the Ningbo area. Please contact us for more details.
Should you have any questions in regards to the above, please do not hesitate to contact your DEAN World Cargo Account Manager. |
