Local authorities are easing the lockdown rules at Shenzhen, since a COVID-19 scare passes without largely damaging the supply chains, compared to last summer.
Most of Shenzhen has been in a lockdown since last Sunday, as part of China’s strategy to combat the new COVID-19 outbreak, after reporting new cases of the Omicron variant.
Nevertheless, according to the local government, factory operations and public transport in four districts including Yantian and a special economic zone have been put back into operation.
Additionally, the congestion issue is not just affecting container operations. Data from Braemar ACM demonstrated that queues of laden capesize bulk carriers have grown by 26% week-on-week to 7.4m dwt and currently lie 12.3% above the five-year average for this time of year.
The scope for a rebound in congestion, as a result of the lockdowns, is now higher given the constraints ports are under when employee infections rise Braemar
…ACM stated yesterday.
In the meantime, Predictive Maritime Intelligence company Windward released its latest insights on how Shenzhen ports locking down might affect the supply chain.
It is worth mentioning that ships’ queues are building up at important Chinese ports, as China’s policy for COVID-19 creates concerns for the supply chains.
China has announced that the lockdowns will affect 19 provinces reaching major industrial and port areas, including Shenzhen and sections of Shanghai, there are currently around 40m Chinese in lockdown.
