Yantian, "one of the biggest ports in China, has basically closed down for close to three weeks," Nils Haupt, the communications director at the German shipping firm Hapag-Lloyd, told the BBC on Sunday. A few weeks into a very substantial port congestion in Yantian caused by a Covid-19 outbreak, supply chain disruptions continue to be very present in global trade, Maersk, the worlds largest container shipping line, said in a statement on Thursday. Expanded list of Maersk owned vessels which will call Yantian port in the coming weeks below. Small vessels mounted with their own cranes have been ferrying many containers straight from riverfront factory docks in the Pearl River Delta to container ships near Hong Kong, as exporters try to bypass delays at Yantian. read more, The latest wave of port congestion in eastern China could further drive up container shipping rates, which recently topped $20,000 per 40-foot box for the first time on the critical China-U.S. route as rising retailer orders ahead of the peak U.S. shopping season added strain to global supply chains. For SOEs like COSCO and China Merchants Group, the Chinese Communist Party appoints their top executivesboard chairman, party secretary, and general manager. It was still running at 30 percent below capacity last week, the port announced, and state-controlled media said on Monday that full recovery might require the rest of June. It all started when the port city of Guangzhou recorded a surge in COVID cases earlier this month. In Shanghai and other Chinese port cities, restrictive measures taken by Communist Party officials in service of the country's strict COVID-19policy have shut down some factories and created significant supply chain delays for a range of consumer goods. By the end of 2022, Chinese firms had acquired ownership and/or operational stakes in 95 ports in 53 countries, spanning every continent except Antarctica. It is subject to change. Export empty pick-up at Yantian keeps normal except for Greeting Fortune Depot. The following is an update on the latest COVID-19 related impacts to Ningbo port in the Greater China Area. Read the original article on Business Insider, Gehad Hamdy/picture alliance via Getty Images, See more stories on Insider's business page, Porn stars vs. parenthood: Ron DeSantisplays the family card against Trump, Mexico police find 45 bags containing body parts matching characteristics of missing call center staff, Texas cheerleader who was shot after friend got into the wrong car speaks out, Donald Trump's attack on Kayleigh McEnany costs him a backer in New Hampshire, Judge recuses himself from Disney-DeSantis case: I choose to err on the side of caution, Putin Arrest Warrant Prompts South Africa to Weigh Moving BRICS Summit. The image shows every shipincluding those underway rather than stationary. A major port in China shut down after a COVID outbreak, causing a ripple effect across the supply chain. In 2019, it handled 27.49 million twenty-foot equivalent units (TEUs) of container throughput, according to the World Shipping Council. The latest ocean freight rates tracked by Freightos show the China to West Coast rate is down six percent, at $5,759. At the organizational level, it can do this through state ownership. We expect continued terminal congestion and vessel delays upwards of 12 days in the coming week. subscribe to our print edition, ad-free app or electronic newspaper replica here. Dawn Tiura, CEO of Sourcing Industry Group, said that shippers will likely pass costs on to consumers, heating up global inflation further ahead of the key holiday season. Not only is China the largest trading partner of many countries, it also now provides much of the critical infrastructure that enables international trade. Shekou port including Chiwan Container Terminal, Mawan Container Terminal and Shekou Container Terminal updates. From 00:00 AM 21st of June until further notice, export laden container gate-in will be accepted only 4 days prior to vessel ETA in Shekou port. With majority or sole ownership, the Chinese firms management can generally prioritize certain vessels and cargos and determine the availability of fuels, parts, and pier-side equipment. China We meet customer needs from one end of the supply chain to the other. Vincent Clerc, head of Maersk's ocean and logistics business, told Seatrade Maritime News that he expected the Yantian shipping delays to last up to 16 days, which could be a "bigger disruption" than the Ever Given getting stuck in the Suez Canal. Chicago Sued Over Deal to Lease Public Land toEx-Mayors Billionaire Donor, Bitcoin Faces Fresh Challenges After Debt Deal Moves Forward, Citigroup Warns, FTX Objects to Extension of Mediation Talks for Bankrupt Crypto Lender Genesis, Key House Republicans Unveil Crypto Market Structure Draft Bill. Based on our research, we rate FALSE the claim that a map shows ships waiting to dock because of COVID-19 lockdowns in China. containers into Nansha, Maersk can provide inland drayage as alternative solution. For example, our research has shown an emerging pattern of PLA Navy (PLAN) warships making regular use of dozens of overseas terminals owned and operated by Chinese companies. Some warn that this may not be the last closure at a port as long as Beijing continues to take this stance. Chinese companies now own and operate a vast portfolio of terminals worldwide, and these assets are highly concentrated under the control of a few key players subject to multiple mechanisms of party-state influence. The blockage of the Suez Canal in March? To see how we process your personal data, please see our Privacy Notification. By the end of 2022, Chinese firms had acquired ownership and/or operational stakes in 95 ports in 53 countries, spanning every continent except Antarctica. XIAMEN is a Large-sized Port. "Container shortages were already straining global supply chains. Got a confidential news tip? From 00:00 AM 1st of June to 23:59 PM 5th of June, export laden container gate-in will be accepted only 5 days prior to vessel ETA. Yantian International Container Terminal (YICT) yard density remains elevated with disinfection and quarantine measures being continuously implemented by local authorities to prevent the spread of COVID-19. From 08:00 AM 9th of June, all import laden containers resume operation in YICT. Please continue to visit Maersk website for all the latest updates. Otherwise, he said, retailers could be "wasting existing stock, incurring unnecessary late fees, missing opportunities, and delaying deliveries.". Due to further measures being implemented, increased congestion and vessel delays upwards of 15 days are expected in Yantian port. China calls in loans to Pakistan, Kenya, dozens more | Fortune Import laden containers on the omitted vessels are expected to delay for over three weeks. It is operated at Shekou instead. Vessels In terms of its military, Beijing will not be able to duplicate Washingtons global posture. The following is an update on the latest COVID-19 related impacts to the Yantian/Shekou/Nansha port in the Greater China Area. To this end, Beijing has made explicit efforts to better leverage Chinese firms commercial port network to serve Chinas wider foreign policy. Import empty return at Yantian keeps normal as per depot location of delivery order, except for Greeting Fortune Depot. The latest ocean freight rates tracked by Freightos show the China to West Coast rate is down six percent, at $5,759. For now and for the foreseeable future, Beijing does not likely face a strategic imperative to project hard combat power beyond these nearby theaters. The Chinese government has multiple ways to exert influence over Chinese companies abroad. Efforts to control a coronavirus outbreak have caused big delays for vessels seeking to pick up goods for North America, Europe and elsewhere. With your permission we and our partners may use precise geolocation data and identification through device scanning. Meanwhile we foresee the heavy congestion will continue after export laden gate-in resumes in YICT from 31st of May. China has been experiencing a resurgence of Covid cases due to the highly transmissible delta variant. Hillebrand, which transports California wine; Ocean Spray, Nutrition and Biosciences (which merged withIFF), and Brown Forman, the company that owns Jack Daniels. The map in the posts shows a large number of ships that are in motion, represented with triangular icons, which are less likely to be waiting to unload or receive a container from a port. Your California Privacy Rights / Privacy Policy, Georgios Hatzimanolis, May 12, Email interview with USA TODAY, Josh Brazil, May 12, Email interview with USA TODAY. Export empty pick-up at Yantian retains normal operations. Until then, customers in North America and Europe will continue to wait longer than usual for orders, he said. Due to further measures being implemented, increased congestion and vessel delays upwards of 16 days are expected in Yantian port. Shenzhen has responded by ordering five rounds of coronavirus testing of all 230,000 people who live anywhere near the Yantian container port, where the first case was detected on May 21. June might be a little early to start sorting through your Christmas present list, but you may want to get those orders in soon. About 30 vessels are queuing outside Yangshan port, a key container terminal in Shanghai, Refinitiv data showed. Nansha yard density reached 100%. Of course, commercial port facilities are not typically designed to enable high-end military capabilities. All quotes delayed a minimum of 15 minutes. The military access that the PLA gains from these ports is crucial to its ability to protect Chinas trade interests abroad. "China is the world's largest exporter and one of the world's largest importers, so traffic in the region is always busy," he wrote. Here's an update on the China COVID-19 developments A COVID-19 outbreak at a major Chinese port is worsening From 00:00 AM 6th of June to 23:59 PM 13 th of June, export laden container gate-in will be accepted only 3 days prior to vessel ETA. BEIJING/SINGAPORE, Aug 12 (Reuters) - Congestion off China's top two container ports Shanghai and Ningbo is worsening following the shutdown of a container terminal in Ningbo where a COVID-19 case was detected this week. This is because a COVID outbreak in southern China has caused a huge backlog of uncleared shipping containers which could take months to handle and could well spill over into the holiday season. As China seeks greater commercial and military advantage across the worlds oceans, its expansive global network of commercial ports both reflects and amplifies its growing power. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Local officials said at a press briefing that all inbound and outbound services at the Meishan terminal at the Zhoushan port have been suspended till further notice. But Yantians problems have now dragged on much longer. The current strike at Felixstowe is slowing down $4.7 billion in trade. Import laden container pick-up which is mainly concentrated in the eastern area of the port maintains The full impact of pandemic in Shenzhen & Guangzhou and the ripple effect of the recent Yantian/Shekou/Nansha port congestions may have caused disruptions for your supply chain. Analysts say China's "zero tolerance" approach toward Covid will exacerbate already stressed supply chains this year. Export laden container gate-in will be accepted only 7 days prior to vessel ETA, AND only after the terminal confirms the advance reservation made by trucking companies for laden containers gate-in. Sign up for free newsletters and get more CNBC delivered to your inbox. "China is the world's largest exporter and one of the world's largest importers, so traffic in the region is always busy," he wrote. From 00:00 AM 6th of June to 23:59 PM 13th of June, export laden container gate-in will be accepted only 3 days prior to vessel ETA. These policies helped Chinese enterprises in the port sector grow from purely domestic players to global industry leaders. There will be no more strikes until March 2024. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Protests in China are often small- scale. The purpose of this advisory is to provide you with the latest update on the status of the Greater China Yantian/Shekou ports where the situation continues to deteriorate as more positive COVID cases have been confirmed in Shenzhen where Yantian port and Shekou port are located. James Baker, the container-shipping editor at the industry publication Lloyd's List, told the BBC that retailers were already putting in orders for the holiday season because they know how slow shipping is at the moment. Chinas Port Power: The Maritime Network Sustaining "It needs to be done to regain some sort of schedule reliability.". The Shenzhen ports capacity to handle containers plummeted early this month, and state-controlled media said on Monday that full recovery might require the rest of June. Greater China Yantian/Shekou/Nansha Port Operations Update While Chinese firms have sometimes sustained long-term projects with little evident commercial merit, such as the Gwadar port in Pakistan and the Hambantota port in Sri Lanka, they have also pursued other projects with clear market logic and negligible potential for overt military use, such as the port of Los Angeles. Sign up for notifications from Insider! Data is a real-time snapshot *Data is delayed at least 15 minutes. On Wednesday, a deal was announced between the union ver.di and the German ports, but Crane said it will take until the first quarter of 2023 for the congestion to be cleared. Because Chinese-owned ports are frequently co-located with host nations military baseslike at Haifa, in Israeltheir commercial terminals offer convenient sites to observe other militaries operational routines, personnel, requirements, and movements. At these ports, Chinese military vessels not only show the flag for diplomacy but also refuel, resupply, and even undergo specialized maintenance and repairs. "They have some berths in operation, but nowhere near enough.". Chinese companies now own or operate terminals in nearly one hundred commercial ports spanning every major world region. In the meantime, from May 28th to Jun 3rd, CY-open will be available only to vessels within ETA-4. Modern container terminals and mega container ships facilitate the export of huge volumes of Chinese-manufactured goods. This essay was awarded a 2022 Emerging Scholars Global Policy Prize by Perry World House, the University of Pennsylvanias global affairs hub. Chicago Sued Over Deal to Lease Public Land toEx-Mayors Billionaire Donor, Bitcoin Faces Fresh Challenges After Debt Deal Moves Forward, Citigroup Warns, FTX Objects to Extension of Mediation Talks for Bankrupt Crypto Lender Genesis, Key House Republicans Unveil Crypto Market Structure Draft Bill. Click here to login to the Hub. "Retailers using this approach can say with confidence whether their Christmas inventory will be delayed or not," he said. The CNBC Supply Chain Heat Map data providers are artificial intelligence and predictive analytics company Everstream Analytics; global freight booking platform Freightos, creator of the Freightos Baltic Dry Index; logistics provider OL USA; supply chain intelligence platform FreightWaves; supply chain platform Blume Global; third-party logistics provider Orient Star Group; marine analytics firm MarineTraffic; maritime visibility data company Project44; maritime transport data company MDS Transmodal UK;ocean and air freight rate benchmarking and market analytics platformXeneta; leading provider of research and analysis Sea-Intelligence ApS; Crane Worldwide Logistics; and air, DHL Global Forwarding; freight logistics provider Seko Logistics; and Planet,provider of global, daily satellite imagery and geospatial solutions.
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