Coronavirus Snarls Trans-Pacific Shipping and Ripples Through U.S. Business
Everyone is fighting for containers. Its cutthroat." The coronavirus epidemic is upending exports of American products. https://wsj.com/articles/coronavirus-snarls-trans-pacific-shipping-and-ripples-through-u-s-business-11583432172 via
@WSJ
w
@jessenewman13
BUSINESS
Coronavirus Snarls Trans-Pacific Shipping and Ripples Through U.S. Business
There are few China-bound vessels and an imbalance in shipping containers, especially the refrigerated ones used for farm products; Its cutthroat
By Jesse Newman in Chicago and Jennifer Smith in New York
March 5, 2020 1:17 pm ET
The coronavirus epidemic is upending the carefully calibrated logistics of global shipping, as plunging exports from China disrupt the trade of American goods, especially farm products such as fruit and meat destined for Asia.
Congestion at Chinese ports and interrupted sailings have squeezed space on China-bound vessels and created an imbalance of the 40-foot long refrigerated containers used to ship fruit, meats and other perishables on three-week voyages across the Pacific, with many stuck on the China side.
...
TO READ THE FULL STORY
SUBSCRIBE SIGN IN