News Snapshot:
BEIJING: Several Chinese ports are facing congestion as vessels due to call at Ningbo get diverted and cargo processing slows partly due to stricter disinfection measures called for by China's "zero-tolerance" COVID-19 policy. On Tuesday, more than 50 container vessels were queuing at Ningbo port, China's second largest marine centre, Refinitiv data showed, up from 28 on Aug 10 when a COVID-19 case was reported at one of its terminals. China's economy is losing momentum as a result of new coronavirus restrictions and the global supply chains face further strains with the curbs adding to queues at major Chinese transportation...
