News Snapshot:
Containers are camping en masse at China’s hectic Shenzhen port as the congestion in the US and Europe bounces back to Asia, with ships unable to arrive in time to receive shipments. According to the People’s Daily, truck volumes entering Shenzhen’s Yantian terminal on January 13th were almost 30% greater than last December. This is because southern Chinese manufacturers are making this final push to get goods out before the Lunar New Year holiday, beginning February 1st. But ships docking at the Yantian terminal are delayed an average of seven days. The number of ships arriving from Europe and the...
