Shipping hurt by weak demand for Chinese goods

Thomas Hale, Chan Ho-him, Oliver Telling - January 24th, 2023

”China’s vast infrastructure linking factories and ports has grappled for three years with a strict zero-Covid regime that required frequent quarantines for personnel and “closed-loop” operations. The policy led to delays and cancellations, but exports largely boomed over that period as demand for goods soared.

Simon Sundboell, founder and chief executive of data provider eeSea, said the nature of the disruption had now changed, from a scenario driven by delays within a “hot market” to one of weaker demand.”

See the original story at: Financial Times