The knock-on effect of the outbreak of Yantian Port on global logistics
Jun 07 , 2021
The knock-on effect of the outbreak of Yantian Port on global logistics
As the world's largest single container terminal, Shenzhen Yantian International Container Terminal (YICT) is based in Shenzhen and is responsible for over 1/3 of Guangdong's foreign trade import and export and 1/4 of China's trade with the United States.
With a series of actions such as a two-day suspension, restrictions on receiving heavy containers for export, and the implementation of "one-day inspection" by all port personnel, problems such as port congestion, delays, price increases, and lack of containers have become more serious.
The transportation capacity of Yantian has declined, the pressure on the surrounding ports has increased sharply, and the operational wharves have been reduced by half.
Due to delays in shipping schedules at Yantian Port, many carriers have transferred their cargo to other ports for operation.
Many shipping companies hopped some of the routes calling at Yantian
The chain reaction of the epidemic in Yantian Port
1. Increased possibility of port jump
2. Insufficient truck capacity, delays in pickup
3. Slow circulation of empty boxes, aggravating the problem of missing boxes
4. Diversion and pressure on surrounding ports
5. Sea freight rates increase
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