Almost 500 container ships are stuck in congestion outside Shanghai and other major Chinese ports, amid China’s continuing efforts to eliminate the spread of the highly contagious Omicron variant with ultra-strict lockdowns and border controls. The lockdown is aggravating disruptions to global trade amid the country’s worst outbreak yet.
In Shanghai, which is the world’s busiest container port and in lockdown for more than two weeks, shortages of staff to unload and truck drivers to transport goods from the hundreds of ships at anchor have significantly extended lead times. Sales orders for Chinese businesses and consumers have been delayed.
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