Container volumes at China’s ports increased slightly during January-April, despite the impact of widespread Covid restrictions, including another lockdown in Tianjin. According to China’s ministry of transport, port volumes increased 1.7% year on year during the period, to 91m TEU, with 23.6m handled in April alone.
The Covid-related disruption is continuing at ports across the country, with Tianjin being the latest major port city to go into lockdown.
Carriers have canceled many vessels, causing delays and blank sailings at Tianjin and Xingang. Factories and ports are fully operational, and pushing up freight rates, but this might change with the lockdown this week.
In South China, there was no congestion at Yantian and Shekou, with good spot rates available to the US and EU markets. However, PCR testing is still required for drivers and cross-border trucking with Hong Kong has been suspended again until further notice.