China port terminal shuts for sixth day
China's Ningbo-Zhoushan container port, the world's
third-busiest, remained partially closed for a sixth day Monday, amid ongoing
concern over whether the shutdown will disrupt trade from the region longer
term.
The port hasn't published any updates on its operations
since Wednesday, when it halted all inbound and outbound container services at
its Meishan terminal after one employee tested positive for the coronavirus.
Consulting firm GardaWorld estimated the terminal accounted for about 25% of
container cargo through the port, though Ningbo-Zhoushan said it would redirect
ships to other terminals and adjust operating hours at other docks.
An employee at the port's media center said they had no new
information to share when contacted by Bloomberg News on Monday. No new
infections have been reported at the port since the initial case.
Shipping company Yang Ming Marine Transport Corp. warned
clients of potential "port congestion" because of the partial closure
in an advisory on Monday, while Orient Overseas Container Line Ltd. reminded
customers to check terminals before arranging for their containers to be sent
to Ningbo in a Saturday notice. Maersk said Friday it is having vessels on
services between Asia and South America call at the Meishan terminal, and that
all will omit Ningbo this month.
Yards at Beilun and Yongzhou terminals are up to 79% full
with laden containers and as much as 85% for empty boxes, Maersk said Monday.
Other terminals at the port are operating normally.
Since bringing the initial coronavirus outbreak in Wuhan
under control last year, China has taken a zero-tolerance approach to covid,
taking strict measures to quash even single cases, especially at strategic
locations such as ports.
The latest port disruption came after the closure for about
a month of Shenzhen's Yantian port in late May after an outbreak among port
staff. It's also stoking fears that ports around the world could face similar
outbreaks soon given the spread of the highly-infectious delta variant,
potentially triggering the sorts of curbs and disruptions that impacted global
shipping last year.
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