Operations at the terminal were disrupted on a coronavirus outbreak, causing just as much, if not more, disruption to global shipping than the blockage of the Suez Canal.

Caixin report:

  • Yantian International Container Terminalst one of the world's busiest container ports
  • All berths at the port will be fully operational Thursday
  • three berths were closed from May 21 to address an outbreak
  • led to bottlenecks at other ports and added more pressure to supply chains
  • sent shipping costs to record highs
  • Spot rates for 40-foot containers to Los Angeles from Shanghai jumped 11% this month, according to Drewry World Container Index, while Shanghai to Rotterdam rates are up 10%.

More at the link to Caixin (may be gated)

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