WHATEVER the cause of global shipping congestion, is not the lockdown in the Port of Shanghai, say Maersk CEO Soren Skou and Matson CEO Matt Cox, reports New York's FreightWaves.
"The port [of Shanghai] is open and operating," said Mr Skou.
Said Mr Cox: "The impact to Matson's China operations has been minimal. Our terminals are receiving freight and managing empties and our ships are departing Ningbo and Shanghai on time.
"The bottom line is that Matson's vessels are sailing full from China." Not just throughout Q1 2022, but through April as well.
Said Mr Skou: "Trucking and warehouse disruptions are slowing things down somewhat and we are seeing an impact on our volumes out of China, but probably less than we would have expected.
"But right now, we don't see a huge buildup of volumes because of the closedown in Shanghai. The purchase orders that our customers have issued in China don't disappear because we have [a lockdown] so obviously they will come later. But right now, we don't see a huge buildup of volumes because of the closedown in Shanghai," Mr Skou said.
Data from project44 confirms a lack of disruption to export operations within the Port of Shanghai. It shows that average wait time for export containers at the Port of Shanghai bound for destinations like the US has actually decreased during the lockdown.
In the last week of April, it was down 43 per cent year on year to 2.02 days. Wait time for import containers has risen during the lockdown (due to a shortfall of truck transport inland) but this indicator retreated 15 per cent in the last week of April versus the week before, to 10.75 days.
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