Congestion, carbon costs overshadow continued container shipping boom — Panjiva
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Congestion, carbon costs overshadow continued container shipping boom

China 3006 Corp - Ports 894 Corp - Shipping 997 Mode - Containerized 1495 Mode - Seaborne 1823 U.S. 5354

Container lines operating U.S.-inbound routes had another bumper month in May with total imports that rose by 47.1% year over year and by 25.0% compared to the same period of 2019. There are significant challenges ahead, however. In the short term, shipments from ports in southern China have been disrupted by COVID-19 related staff shortages. The port of Yantian has indicated operations are at 70% of capacity as of mid-June with a target of being at full capacity by the end of the month. Recovery will likely continue to disrupt shipments throughout July. Over the longer-term the containe...

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