Global shipping sector struggles due to container backlog in China

March 03, 2020 / www.metalbulletin.com / Article Link

A shortage of shipping containers resulting from the control measures put in place in China to contain the spread of the novel coronavirus (2019-nCoV) is slowing global trade.

Container ships are waiting offshore for the chance to unload goods at Chinese ports, while the same ports are also stacked with empty containers waiting to be filled and returned to the seaborne market.

The build-up of empty containers in China is a direct result of the difficulties in domestic logistics, which developed after the authorities extended the Chinese New Year holiday to delay the return of the workforce in an attempt to slow the spread of 2019-nCoV.
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