[Advantage Logistics] As the lockdown in Shanghai continues and many other Chinese city face curbs due to Covid-19 the number of container vessels waiting outside the country’s ports has almost doubled since February.
According to data from Windward’s Maritime AI platform the number of container vessels waiting outside Chinese ports has grown by 195% since February as first Shenzhen experienced a lockdown in March and then Shanghai in April. The lockdown in Shanghai has now lasted for three weeks.
“The trend is very clear in the April and March snapshots, there were 506 and 470 vessels, respectively ,stuck outside of Chinese ports. In February, that number was only 260. In essence, lockdowns in China have nearly doubled the congestion outside the country’s ports,” Windward said.
Of some 1,826 container vessels waiting outside ports globally in April, some 27.7% are at Chinese ports, compared to 14.8% according to Windward.
China has been able to keep its ports operational during the recent lockdowns using a closed loop system where the workers live on site, however, container yards have grown highly congested as trucking has been severely impacted by the need for drivers to have a negative test in the last 48 hours. Warehouses have also been closed, and even where factory production has been able to get back up and running there are reports of a shortage of parts.
The impact on could be seen on inland container volume at eight major Chinese ports, which dropped 11.7% year-on-year in early April as port cities grappled with Covid outbreaks.
According to the statistics released by China Ports and Harbors Association, container volume at eight major Chinese port slightly increased 0.7% year-on-year in early April.
Export container volume increased 4.9% while the domestic volume dropped 11.7%. Factories production suspensions and limited logistics supply amid the covid-pandemic are bringing more negative effects to the domestic trade market.
Cargo throughput at major coastal hub ports declined 0.4% year-on-year while the international trade cargo throughput dropped 2.2%.
Crude oil shipments at major coastal ports declined 13.3% year-on-year, while port inventory increased 7.3% year-on-year. Metal ore shipments at major Chinese ports increased 2.7%. Among which the port of Ningbo-Zhoushan posted a growth rate of 27%.
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