China’s worse-than-Suez ship delays set to widen trade chaos
- When one of China’s busiest ports announced it wouldn’t accept new export containers in late-May because of a Covid outbreak, it was supposed to be up and running again soon
- But as the partial shutdown drags on, it’s further snarling trade routes and lifting record freight prices even higher
The global shipping industry, already exhausted by pandemic shocks that are adding to inflation pressures and delivery delays, faces the biggest test of its stamina yet.
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