Shanghai’s congestion woes continue, leading Maersk to suspend stops there for two of its services due to reliability issues. The port has been a victim of its own success, with shipment growth accelerating to 6% in the past three months on a year earlier from 4% annually over the past five years. There will be additional capacity from the ports new, autonomous facilities that have now started trials. Yet, that capacity may be rapidly used up by the expansion of Shanghai’s free trade zone. Shipments to the U.S. have already faltered, with a 7% drop in volumes in the three months to Novem...
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