Sea freight at Shanghai Port
Shanghai port, the largest container port in the world, is now subject to lockdown to halt the rise in Covid-19 cases.
This week, local authorities in Shanghai escalated restrictive curbs in China’s biggest city.
The transportation of containers in and out of Shanghai is likely to be severely disrupted in the coming days. Warehouses and storage yards for containers are also being temporarily shut down. The shutdown of Shanghai port is likely to see a rise in freight rates caused by delays. Some freight has been redirected from Shanghai to Ningbo port, increasing costs and transit times.
UK retailers were already warning consumers about delays and the prospect of higher costs for finished goods after Covid-19 restrictions were imposed at Yantian port (Shenzhen) in early March. Restrictions at both Shanghai and Yantian ports are likely to create further issues for global supply chains over the coming months.
Global supply chains already under strain
Global supply chains have already faced huge disruption in 2021 and 2022 impacted by factors in addition to Covid-19 shutdowns.
The Ukraine crisis has recently had an impact on both air and sea freight in Europe and North Asia.
In the United Kingdom, businesses shipping goods into and out of the European Union have faced added complexity and increased paperwork requirements due to Brexit. Recent delays at Dover have been caused by the cancellation of P&O ferry services.
The introduction of the Goods Vehicle Movement Service (GVMS) and Goods Movement Reference (GMR) numbers, alongside new rules of origin requirements caused delays at UK ports earlier in the year.
If you are looking to reduce freight costs and risk in your supply chain, contact us at Tudor International Freight, on 0333 1234 747 or email firstname.lastname@example.org.
About Us - Tudor International Freight
Established in Horsforth, Leeds, back in 1991, we are a logistics company who are experts in road, air and sea freight. We transport goods to most major cities, towns and suburbs across all 6 continents. We go over and above to ensure that our client’s products, goods and cargo are transported around the world safely and successfully. We are a family business, who are still based in Horsforth, Leeds, West Yorkshire.