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Supply Chains Pressured in China as Ships Avoid Virus-Hit Port

  • Delays seen increasing as ships avoid key port of Yantian
  • Europe, U.S. consumers could see delays of more than a week
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WATCH: Parash Jain, head of Asia transport research at HSBC, discusses the severe congestion at Shenzhen’s Yantian port, what the tie up could mean for transport costs and his outlook for the shipping industry.(Source: Bloomberg)

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The world’s shipping lines are avoiding a key port in China hit by a Covid-19 outbreak, causing increased congestion at other seaports across the country that likely will delay the delivery of goods to the U.S. and Europe.