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Shanghai Directs Cargos On Covid Lockdown: Yicai

CHINA PRESS
MNI (Singapore)

Shanghai has had to switch some of its exporting cargo containers to smaller neighboring ports of Ningbo or Nanjing to ease Covid restrictions imposed on the world’s busiest port, Yicai.com said. Export goods from Shanghai may have fallen as much as 40% recently, the newspaper said citing a shipping executive. Covid measures have also caused supply chain snags and reduced demand for container, with prices of container shipping to U.S. west coast down by over 30% from February, it said.

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