News Snapshot:
Daily operations at Shanghai’s port have almost fully recovered from the effects of the city’s Covid-19 lockdown, though the backlog from disruptions to the port and nearby factories will likely continue to cause shipping congestion well into the year. Daily container throughput—a measure of cargo handling activity—at Shanghai port has rebounded to 95.3 percent of the normal level, Ministry of Transport official Li Huaqiang said Thursday, according to Chinese state media. Cargo throughput at major Chinese ports between May 1 and May 24 was up 4.2 percent from the same period in April, but down almost 1 percent compared to...
