Container market risks chaos into 2022 following Covid-19 outbreak in China

The Covid-19 outbreak in South China and major port terminal Yantian is causing more problems and delays in an already heated container market, which "significantly increases" the risk of capacity issues into 2022, says analyst Lars Jensen.

A Covid-19 outbreak in the major container port Greater China Yantian is causing bottleneck issues for container vessels. | Photo: Martin Pollard/Reuters/Ritzau Scanpix

South China is struggling to contain a new Covid-19 outbreak in the Guangzhou region, centered around major port Yantian, where a shutdown is placing great strain on the already overheated container market.

The situation "significantly increases" the risk that the severe lack of capacity in the container market will continue into 2022, says Lars Jensen, analyst and CEO of Vespucci Maritime, to ShippingWatch.

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