Calm Before The Storm? Transpacific Sea-Freight Rates Fall Amid China COVID Lockdowns


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Calm Before The Storm? Transpacific Sea-Freight Rates Fall Amid China COVID Lockdowns Top Chinese manufacturers have shuttered operations as expanding COVID-19 lockdowns choke off logistical networks from factories to ports and simultaneously alleviate congested transpacific shipping lanes. Though, once factories in China reopen, another wave of supply chain chaos will slam US West Coast ports. Stringent government measures to mitigate the spread of COVID have resulted in widespread lockdowns in Shanghai . Tens of millions of people are locked down in the industrial metro area. Factories, such as Tesla’s and component makers for Apple, have restricted output or closed altogether....