Cosco and SIPG invest in SAIC Anji Logistics as it boosts PCTC fleet
Cosco Shipping Holdings and Shanghai International Port Group (SIPG) have invested ¥2bn ($280m) in SAIC ...
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By Sam Whelan
The Shanghai lockdown has been extended indefinitely, a move that casts further uncertainty over Chinese supply chains, as new data is published showing the impact on China’s ocean freight volumes.
The severe restrictions in the eastern half of the city, including Pudong, were due to be lifted on Friday, but nearly all areas remain under lockdown and local authorities have given no timeframe for its end, other than saying it would be done “in stages”.
And one forwarder told The Loadstar: “Shanghai ...
Comment on this article
Vincent Deng
April 07, 2022 at 6:22 amThere are plenty of facts to suggest that Shanghai is going through a painful spring, but as an international metropolis it is unlikely to go through a citywide lockdown like Wuhan did two years ago.
Sam Whelan
April 07, 2022 at 7:33 amHi Vincent, according to Reuters the whole of Shanghai is under lockdown… how is this different to Wuhan?