Yantian Port in the export and industrial hub of Shenzhen in southern China will not accept any export containers until Sunday, May 30, according to a report. notice posted Friday on Wechat. The port’s container yard has been partly closed since last week after a Covid-19 outbreak among port staff and in the extended community, state media reported.
The disruption will continue over the coming week, with transport company AP Moller-Maersk A / S report delays in their schedules due to the closing. Any delay will likely put further pressure on the already high costs of shipping goods from China, which have skyrocketed due to record export demand, container shortages and other factors.
These shipping costs are just one of the factors pushing up the price of Chinese exports, which threatens to fuel global inflation.
Yantian is one of the busiest ports in the world, with a cargo throughput of 13.34 million twenty-foot equivalent units in 2020, a standard measurement used in the freight industry, according to figures from the Bureau of Shenzhen transport. It serves around 100 ships a week, according to a report on a Shenzhen government website.
The local government said in a notice on Friday, it will conduct mass testing of the entire population of Yantian District.
– With the help of James Mayger, Evelyn Yu and Claire Che