Emily
Editor, Senior Moderator
https://www.zerohedge.com/markets/s...siest-port-shuts-container-terminal-due-covid
Shippers Frantic After China's Busiest Port Shuts Container Terminal Due To Covid
by Tyler Durden
Thursday, Aug 12, 2021 - 10:25 PM
We recently discussed how already astronomical container shipping costs are set to rise even higher should China lock down one or more shipping terminals to contain the spread of the delta variant in provinces that have direct exposure to global commerce ("Shipping Rates From China To US Hit Record $20,000 With No Drop In Sight" and "Brace For Astronomical Shipping Costs As China Goes Into Lockdown Mode") with Goldman Sachs explicitly warning that "port closures or stricter control measures at ports could also put further upward pressure on shipping costs, which are already very high."
Shippers Frantic After China's Busiest Port Shuts Container Terminal Due To Covid
by Tyler Durden
Thursday, Aug 12, 2021 - 10:25 PM
We recently discussed how already astronomical container shipping costs are set to rise even higher should China lock down one or more shipping terminals to contain the spread of the delta variant in provinces that have direct exposure to global commerce ("Shipping Rates From China To US Hit Record $20,000 With No Drop In Sight" and "Brace For Astronomical Shipping Costs As China Goes Into Lockdown Mode") with Goldman Sachs explicitly warning that "port closures or stricter control measures at ports could also put further upward pressure on shipping costs, which are already very high."
