Port Closure Creates Massive Delays, Impacts Supply Chains
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The partial closure of Shenzen’s Yantian port has resulted in traffic congestion, shipping delays, and carriers scrambling to reroute vessels. The embattled port last week announced a COVID-19 outbreak resulting in a partial shutdown. Carriers like Maersk and Hapag-Lloyd rerouted vessels away from Yantian, which serves about 100 ships a week, in an attempt to ward off shipping delays. The bustling port is ranked as one of the busiest ports in the world.
This shutdown impacts already struggling supply chains as it will cause delivery delays.
As containers pile up at the Yantian International Container Terminal (YICT), experts are predicting continued terminal congestion and vessel delays of seven to eight days in the coming week.