Damage More Than Suez Lockdown: Chinese Port Collapse Threatens World Trade


An outbreak of COVID-19 in China's Guangdong province - one of the world's major container trade centers - has caused major disruptions to major ports in southern China. There was a partial closure of the Yantian terminal (operating at 30%), which led to the redirection of goods to nearby terminals - Nansha and Shekou. This, in turn, led to congestion.


The ports cannot accommodate all ships. In addition, the loading of containers suffers from customs regulations. According to experts, the collapse in China's ports threatens to hit world trade, causing much more damage than the blocking of the Suez Canal in Egypt in March by the huge container ship Ever Given, the newspaper writes. Kommersant.

A massive problem is already visible on the international trade horizon. The processing of one container began to take about a week, and the total transit time increased to 15-16 days. This will inevitably affect the industry as cargo continues to pile up.

The blockage of Suez affected 55 thousand TEU (the equivalent of a standard container 20 feet long (6,1 m) and 8 feet wide (2,44 m) - ed.), But it lasted "only" six days. And in Yantian, we are talking about 14 days, and the situation develops and spreads to Nansha and Shekou

- said the CEO of Vespucci Maritime Lars Jensen.

Analysts believe that the situation will not stabilize until late summer or early autumn. They are convinced that circumstances will cause an increase in prices for the transportation of goods, and this will affect the final cost of goods.
  • Photos used: Igor Mak / wikimedia.org
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  1. 123 Offline 123
    123 (123) 15 June 2021 16: 32
    +3
    It looks like riots will begin across the ocean. The whole country will drive the saboteurs Petrov and Bashirov across the prairies. They will print money, but there is nothing to buy. Deficit, queues, coupons winked
    1. Petr Vladimirovich (Peter) 15 June 2021 17: 44
      0
      The processing of one container began to take about a week

      The impersonal author obviously did not work in business for a second ... sad
      1. 123 Offline 123
        123 (123) 15 June 2021 18: 05
        0
        "It took about a week to process one container"
        The impersonal author obviously did not work in business for a second ...

        Apparently it means together with waiting in the queue for unloading.
        1. Petr Vladimirovich (Peter) 15 June 2021 18: 18
          -1
          The blogger knows best ...
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 15 June 2021 17: 58
    -4
    Oh, it's all bullshit.
    In our country, even without China, prices are skyrocketing. They stand, do not stand, it will not affect. We have import substitution and Mishustin ......
    1. Petr Vladimirovich (Peter) 15 June 2021 18: 48
      -2
      We are simple people, unpretentious, we don’t know languages ​​other than French and English, academies, except for VAVT, did not graduate .... strangers with Mishustin.
      Pyaterochka at the entrance. There, as it was, it is ...
      Not to the offense of a pensioner ...
      This is not the first time I write my Wotsap
      + 7- 977-664- nine three-07
      With several foreigners and ours on this forum, we throw photos to each other,
      all ordinary Soviet people ...
      PS: I removed the minus, I always give everyone only pluses for humorous comments ...
      I believe that the minus, as in our hobby forum, should not be impersonal.
      KRGS, Peter
      1. Petr Vladimirovich (Peter) 15 June 2021 20: 12
        -1
        Two whole minus ...
        Well, why are you hiding ???
        Beggar life? This is how you need to work, and not eat vodka and get angry on the forums ... sad
        1. Sergey Latyshev Offline Sergey Latyshev
          Sergey Latyshev (Serge) 15 June 2021 20: 20
          0
          Oh, I don’t put any disadvantages to anyone, this is childhood ...
          And the telephone, foreigners, what for is this trickiness?

          You have already forgotten 4 times what you wrote before under the comments, and now you will probably forget ...
          Or different people write ...
          1. The comment was deleted.
  3. gorenina91 Offline gorenina91
    gorenina91 (Irina) 15 June 2021 18: 14
    -6
    Damage More Than Suez Lockdown: Chinese Port Collapse Threatens World Trade

    - And what a trouble for Russia !!! ???
    - Yes, for Russia all this is very very very profitable !!!
    - But Russia ... - as always ... - only "opened its mouth" ... - And only "stands and thinks" ... - Oh, how to help China ... - Or maybe urgently air flights for China organize ???
    - Yes, like this:
    - Take and roll out all the Russian "air heavyweights" ... even the military (what's the difference) ... - all An-124 (takes more than 120 tons); An-22 and Il-76MD-90A (take about 60 tons); Il-76MD (takes 48 tons) and so on ... and so on
    - In total - about 250 units of transport aircraft ... - in our army ...
    - And deliver these containers by air for free day and night all over the world ... - Save China first of all; and save the whole world ...
    - Personally, I won't be surprised if this happens ...
    - Damn, Russia has so many chances to finally show itself to the whole world so that everyone in the world will forget forever - how not to reckon with Russia (and put China in its place) ... - Yes, and make money ... - "for a whole year ahead "...
    - But, where is it ... - you have to save China ... - And China from Russia would simply "rip seven skins" in such a case ...
    - No, well, just not enough evil ...
  4. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 16 June 2021 16: 00
    0
    The life and health of one and a half billion people is more important than lost profit, no matter how big it may be.
    The productive forces, as they were, remain, they are the foundation of the economy, and money is a profitable business.