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Disruption continues to escalate at Shanghai

While Shanghai – the world’s largest container port is still open, it is increasingly congested due to hard trucking restrictions and warehouse closures.
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While Shanghai – the world’s largest container port is still open, it is becoming increasingly congested due to hard trucking restrictions and warehouse closures since late March. Due to a lack of yard space, Maersk suspended accepting bookings for reefer and dangerous products into Shanghai on April 14. “Trucking is limited and terminals remain congested, while reefer yard plug capacity remains significantly challenged,” Ocean Network Express (ONE) noted in a client advisory. As a result, reefer containers may be unable to be released in Shanghai until the situation improves.”

Meanwhile two major subsidiaries of Bestway Marine & Energy Technology have suspended production due to the recent Shanghai covid-pandemic outbreak.

Jiangsu Dajin Heavy Industry and Shanghai Bestway Marine & Offshore Design & Engineering Company have shut down production. Under the pandemic control on staff and vehicle transportation in Shanghai and neighbouring areas, the two subsidiaries had decided to suspend operation which is likely to delay the production and delivery schedule of the two.

Additionally, insufficient logistics supply caused by Shanghai pandemic control measures also made the other units, Taizhou Shipbuilding Heavy Industry and Taizhou Marine Equipment in poor and limited production.

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