Covid slows China port volume growth, as Tianjin enters new lockdown –

Container volumes at China’s ports increased slightly during January-April, despite the impact from widespread Covid restrictions, including another lockdown in Tianjin.

According to China’s ministry of transport, port volumes increased 1.7% year on year during the period, to 91m teu, with 23.6m handled in April alone.

The Covid-related disruption is continuing at ports across the country, however. In its latest update, Fibs Logistics noted that Tianjin was the latest major port city to go into lockdown.

The forwarder said: “Carriers have cancelled many vessels, causing delays and blank sailings at Tianjin and Xingang. Factories and ports are fully operational, and pushing up freight rates, but this might change with the lockdown this week.”

Full Article From the LoadStar Here