Source: Bloomberg
Summary
A typhoon forced three-day closures at China’s Shanghai and Ningbo ports, causing vessel backlogs expected to take weeks to clear. Berthing times at Shanghai reached as high as 12 days, according to Bloomberg. The closures are likely to impact global supply chains. The ports reopened on August 3. The typhoon also disrupted air travel and daily life in the region.
Our Reading
The trend returns with a new name. China’s busiest ports are no stranger to disruptions, but the storm’s impact on global supply chains is a familiar concern. Shanghai and Ningbo ports are critical hubs for international trade. The closures are a reminder of the vulnerabilities in global logistics. The storm’s aftermath is a repeat of familiar delays and backlog woes.
Author: Evan Null
