Thursday, 28 October, 2021

Global trade fears as Covid hits major China port

  • Sun Online Desk
  • 13th August, 2021 01:55:37 PM
  • Print news


The partial closure of one of China's biggest cargo ports due to the coronavirus has raised fresh concerns about the impact on global trade.

Services were shut on Wednesday at a terminal at Ningbo-Zhoushan port after a worker was infected with the Delta variant of Covid-19.

Ningbo-Zhoushan in eastern China is the world's third-busiest cargo port, BBC reported.

The closure threatens more disruption to supply chains ahead of the key Christmas shopping season.

Closing the terminal on Meishan island until further notice will cut the port's capacity for container cargo by about a quarter.

It comes as the cost of shipping from China and South East Asia to the East coast of the US has already hit a record high, according to the Freightos Baltic global container freight index.