Shanghai’s Unwelcome Surprise as Congestion Coincides with Tariff Proliferation — Panjiva
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Shanghai’s Unwelcome Surprise as Congestion Coincides with Tariff Proliferation

China 1758 Corp - Ports 661 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 Mode - Truck 48 U.S. 3297

Construction work is delaying the delivery of freight by truck to the Yangshan terminals in Shanghai. That coincides with the peak shipping season and is particularly pertinent given the urgency to beat new tariffs on exports to the U.S. Shanghai as a port has already underperformed the national average with an 8% drop in shipments in August vs. a year earlier vs. a 1% decline at Yantian. The extension of duties applied by America in late September may alleviate congestion but would still lead to lower volumes. The largest container-lines operating Shanghai-to-U.S. lines are CMA-CGM (17%...

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