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Major Shipping Firm Sees Signs of Supply-Chain Bottlenecks Easing

  • Yang Ming chairman views China lockdowns as short-term issue
  • Cheng sees global recovery taking a break, then strengthening
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WATCH: Cheng Cheng-mount, chairman of Yang Ming Marine Transport explained why he’s optimistic the supply chain crunch has turned a corner. Source: Bloomberg
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Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according to one of the world’s biggest shipping companies.

Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp. The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports.