The 260,000 TEU Cargo At Shanghai Port Will Surge In, And The Freight Rate May Rebound!
May 24, 2022
It is estimated that 260,000 TEU cargo will flood into Shanghai port this summer, making the peak season "even more prosperous" than last year.
According to Drury's latest analysis, the pandemic and port congestion have created problems for the global container distribution system, which is "already under severe stress and reduced capacity due to widespread congestion".
At the start of the outbreak, the impact of ship calls on Shanghai ports was modest, but the decline accelerated from mid-April, according to Analysts at Drury.
As many as 260,000 teUs of exported goods were not shipped from Shanghai in April due to the lockdown. This is equivalent to 26 ships with a capacity of 10,000 TEU, which could be activated in the coming months as the supply chain restarts.
