Around 10% of container ships worldwide are stuck in congestion, causing more bottlenecks in global supply chains, according to data from Ocean Network Express.

Almost 500 container ships are stuck in congestion outside Shanghai as a result of lockdowns.  While the port remains open, blocked land traffic, trucking issues and closures of warehouses are creating logistic bottlenecks and rising costs, according to Citi economists.

• Due to the limited availability of trucking resources, trucking rates are at high levels and seeing delays of around 3-5 days in pick up times. 
• Nanjing, the largest inland port in the world, has become the latest port to report a Covid outbreak among its workforce leading to much of the port’s operations along the Yangtze being shuttered, according to Geodis.

Other cities in East and North China are also facing rising COVID cases. This is impacting factory production, warehousing, and trucking availability although port terminals and trucking do continue to be fully operational, said Flexport.

Ocean carriers continue to assess impacts to bookings of the Shanghai lockdown, many of which are looking for replacement cargo originating from Southeast Asia due to current constraints and dips in shipment activity ex-China, said Flexport.

In North China, more than 80% of commercial freighter services have been canceled due to a Covid surge and airlines are looking into potentially shifting operations to nearby airports.