On August 11th, Chinese officials decided to shutdown a container terminal at the Ningbo port due to just a single case of Covid amongst workers. This still leaves four other terminals in use at Ningbo, but capacity is still cut by a noticeable amount. 

The port that was shutdown is the Meishan Terminal. According to Freightwaves, 40 vessels and 30 container ships were experiencing delays outside Ningbo port. This will clearly impact the wait time for multiple days and a lot of the demand at the port is being shifted elsewhere. Some believe that this is just the beginning, and the situation could turn into a similar tale of the Yantian shutdowns this year. Resulting in many weeks of delays and enhanced congestions. Our team is monitoring the shutdowns and will be sending out weekly updates. Please let us know if there is a certain lane you would like to discuss/hear our insights.