China is struggling to resume normal trade operations as fallout from the corona...
LONDON - China is struggling to resume normal trade operations as fallout from the coronavirus outbreak hits container shipping lines and logistics chains, with goods stuck and costs mounting, industry officials say.
China is a vital player in the container sector, transporting everything from fresh food to phones and designer clothes as well as industrial parts. “We have lots of ships laying idle in Asia, because we have cancelled many loadings out of China in the last two weeks.” The MSC spokesperson added that a surge in demand for containers was expected when production capacity in China returns to normal.
“This will mean higher costs for shipping and problems further down the supply chains such as increased costs and shortages of certain commodities.”
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