Shenzhen cargo port hit with shortage of shipping containers

As China continues to churn out and deliver healthcare goods needed by the world amid the coronavirus pandemic, drivers at Shenzhen’s Yantian Port in South China’s Guangdong Province are anxiously waiting shipping containers.

Many containers heading overseas full of medical supplies, household appliances and other exports have not returned. Due to the shutdown of factories and the approaching Christmas holiday, there is little for foreign countries to ship, several freight drivers told the Global Times at the port zone over the weekend.

“Some drivers waited for six hours for just one container, but it is still possible that they got nothing at the end of the day,” a freight driver surnamed Hou, who delivers shipping containers, told the Global Times, after waiting at the port for more than an hour for a container.

Out of every five or six containers shipped abroad, only one returns, Hou noted.

Yantian Port, known as the “barometer of Shenzhen’s foreign trade,” is the port that boasts the most intensive international routes in South China. Mainly handling exports to Europe and America, the port used to deliver nearly 90 percent of Shenzhen’s exports via about 100 routes, said the Securities Times.

Unlike previous scenes at the Yantian Port of piled- up containers, the port is now full of empty trucks and irritated drivers. Limited shipping space and surging ocean freight rates have worsened the container shortage, according to Hou.

The spot rate for containers from Asia to North Europe surged 200 percent in early December year- on- year, according to industry websites.

The overheated container market prompted French container major CMA CGM to close bookings from Asia to North Europe until the end of December, the company said in an update to its customers early this month.

Together with the upcoming Christmas holiday, the shortage of containers is expected to last until next year, Li Guoliang, a freight driver at the port, told the Global Times, predicting the situation won’t improve until March.

The container shortage also shows that the world needs Made- in- China products amid the ongoing pandemic.

“After China contained the coronavirus, many orders placed abroad were shifted to our country, which brought the monthly container throughput of Yantian Port to a record high,” Hou said.