Zero Hedge — Maersk Warns South China Port Congestion 'More Significant Disruption' Than Suez Canal Closure

Ditlev Blicher, Maersk Asia Pacific Managing Director, was quoted by Seatrade Maritime, who said Yantian port is operating at a 40% capacity, and "We're expecting that to continue for the next month with significant delays for vessels to be able to berth."

A recent surge in COVID-19 infections in the port area and prevention and restriction measures put in place by local authorities is the primary reason for the lack of capacity at the port...

Zero Hedge

Maersk Warns South China Port Congestion 'More Significant Disruption' Than Suez Canal Closure
Tyler Durden