Container prices and availability at Asian ports hit by COVID-19 lockdowns


Source: cyprusshippingnews.com cyprusshippingnews.com

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- The temporary lockdown of the port of Yantian in the second quarter is still negatively affecting container prices and availability in southern China. - Early indicators from Container xChange’s Container Availability Index (CAx) suggest similar trends will emerge in Vietnam and central China after more recent port closures and productivity declines. COVID-19 outbreaks at ports in China and Vietnam will likely reduce container availability and drive-up prices at key shipping hubs in the coming weeks, according to the latest data analysis by Container xChange, the world’s leading online platform for the leasing and trading of shipping containers. Terminal productivity...