Global shipping bottlenecks set to prolong supply chain turmoil

Global shipping bottlenecks set to prolong supply chain turmoil
Tenfold jump in costs since start of pandemic squeezes importers and exporters    The closure of a terminal at the world’s third-busiest container port is only the latest sign that turmoil in ocean shipping could run into next year, posing a threat to global economic growth as chronic delays and soaring transport costs may leave demand unmet and push up consumer prices.    A coronavirus outbreak led to a partial shutdown at Ningbo-Zhoushan port last month and the resulting suspension of inbound and outbound container ships reduced the port’s capacity ...

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