Posted on 08/13/2021 8:56:33 PM PDT by lasereye
A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares.
The Port of Los Angeles, which saw its volumes dip because of a June Covid outbreak at the Yantian port in China, is bracing for another potential decline because of the latest shutdown at the Ningbo-Zhoushan port in China, a spokesman said. Anton Posner, chief executive officer of supply-chain management company Mercury Resources, said that many companies chartering ships are already adding Covid contract clauses as insurance so they won’t have to pay for stranded ships.
It seemed as if things were just starting to calm down, “and we’re now into delta delays,” Emmanouil Xidias, partner at Ifchor North America LLC, said in a phone interview. “You’re going to have a secondary hit.”
The shutdown at Ningbo-Zhoushan is raising fears that ports around the world will soon face the same kind of outbreaks and Covid restrictions that slowed the flows of everything from perishable food to electronics last year as the pandemic took hold. Infections are threatening to spread at docks just as the world’s shipping system is already struggling to handle unprecedented demand with economies reopening and manufacturing picking up.
(Excerpt) Read more at finance.yahoo.com ...
The second horse appears.
“That could never happen here.”
I hope it stays shutdown….we don’t want their cheap crap in the US….
"On Wednesday, a 34-year-old employee at the Meishan Terminal of China’s Ningbo-Zhoushan Port tested positive for the coronavirus despite being fully inoculated with two doses of the Sinovac vaccine. It was an asymptomatic infection."
Something else must be happening. They shut the terminal down because of one asymptomatic infection?
Sounds like China wants to cripple our economy again. Sending us a message that they own us.
The benchmark cost of shipping a container from Shanghai to Los Angeles has tripled over the past year. The Baltic Dry Index of bulk shipping prices has risen more than 10% since mid July.
For over a year we have been told that there are many ships waiting to be unloaded in LA Harbor. Did they process that backlog already? From 7/26/2021:
https://www.msn.com/en-us/money/markets/the-us-shipping-crisis-is-not-going-away-as-cargo-ships-float-off-the-coast-of-la-waiting-to-dock/ar-BB1fi9LY
Ping
My advice to American buyers, BUY ELSEWHERE!
“My advice to American buyers, BUY ELSEWHERE!”
Too late, for most items.
Hoard toilet paper while you can.
And wine.
They'll be crying when their factories are nationalized by Xi the Pooh.
Stocked up on TP, PT, trash bags, detergent, soaps, shampoos, water, food (18 mths), coffee (must), milk, rice, salt, spices, etc etc etc....
Get your cars tuned up - brakes, oil changed, spark plugs - everything!
Better safe than sorry.
Oh and ammo..
When one world order goes bad.
They want it shut down. It’s part of their long strategy.
Add to the list HD, Blowe's, frankly most retail places.
My car has hit the 100k miles mark and we are having its maintenance done with that in mind.
Even mr. mm has come on board with my prepping mindset. He doesn’t complain about all my prepping any more.
And COVID is just an excuse that works considering how terrorized the left has made everyone over a treatable cold virus.
They promised that rubber dogsh!t I ordered would be here by Labor Day.
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