Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By


Yantian Port congestion has echoes of Suez

Virus-led port congestion in southern China is taking a toll on the country’s export capacity amid warnings the supply chain snarl-up is comparable to the blockage of the Suez Canal

Supply chain chaos at Chinese ports, the politics of China's pitch for a Hamburg terminal stake, and why shipping may not be able to swerve the new push for a global corporation tax

GROWING box congestion at China’s Yantian Port, which halted some operations after positive Covid-19 tests, has shown how local disruptions are having global ramifications, so tight is the present squeeze on shipping capacity.

The snarl-up has crippled growth in throughput at major Chinese ports and there are warnings its effects will be felt around the world, with cargo delays comparable to the more dramatic Suez Canal blockage.

Equipment shortages mean shippers should expect more blanked sailings.

Meanwhile, China’s infrastructure expansion drive continues undimmed, with Cosco Shipping’s port arm pitching for a stake in a Hamburg container terminal. Editor Richard Meade says the move is down to pragmatism, not politics.

Green tie-ups: It’s another big week in companies partnering for green R&D projects: Trafigura and Yara, to develop ammonia as fuel; Japan’s Namura Shipbuilding and NS United Kaiun Kaisha, for a wind-assisted capesize bulker; Shipbroker McQuilling and emissions trader Vertis, on carbon offsets for shipping, to list a few.

Death and soon, taxes: The US-backed push for a global corporation tax could force larger shipping companies to pay the same tax as other industries for the first time ever, experts have warned.

Nautilus International chief Mark Dickinson reckons such a deal would “help end the 70-year-plus nightmare that is the corrosive flags of convenience system”.

The Lloyd’s List View: Pleading for exemptions from world leaders is unlikely to work. It’s time for shipping to scrap secretive accounting practices that contribute to its shady reputation.

Listen Out: On the podcast, sustainability editor Anastassios Adamopoulos on what to expect from the IMO’s Marine Environment Protection Committee meeting, which kicks off from today.

We’ll have daily coverage of MEPC 76 through the coming week. See also: the UK’s COP26 climate head calling for more zero-emissions pledges ahead of the big UN summit.

Don’t miss: Michelle Wiese Bockmann’s scrapping investigation finds end-of-life flag registries are used for one in six ships – but little evidence European owners are using them to bypass tougher recycling laws.

Related Content





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts