Air, Freight News, Sea

Ningo set for recovery, says Freightos

[ August 19, 2021   //   ]

Operations at the port of Ningbo in China are recovering much quicker than feared following a covid oubreak, reports the Freightos online marketplace.

Despite fears of a Yantian repeat – where a coronavirus outbreak significantly hindered operations for three weeks – disruptions at Ningbo following one port worker’s positive test have been much less extensive.

Though some carriers diverted ships to alternate ports and a backlog formed offshore, the port still managed to operate at 90% capacity since the closing of the affected terminal. The terminal resumed partial operations by Wednesday and is scheduled to begin accepting new export containers from the week beginning 23 August.

However, door to door shipments on Freightos already took record times in August, 15% longer than in May and 46% longer than a year ago.

Covid restrictions in China were also leading to widespread cancelled flights, reducing air cargo capacity and pushing rates up. Freightos data shows that air cargo rates from China to the US and Europe have increased by 20-40% since the start of the month, adds Freightos.