![]() Jason Chang of Ocean Shipping Consultants said the global shipping industry is likely to feel the impact of the pandemic for at least a few more months. "China's 'zero COVID' approach means that officials will prioritize pandemic mitigation over everything else, especially given the highly contagious nature of the Delta strain and the risks that the current outbreak poses to future economic performance over the third quarter," he said.īesides, supply chains have already been majorly disrupted this year by crises such as shortages of shipping containers and the Suez Canal incident.Īccording to the consulting firm Refinitiv, 37 vessels were awaiting a call in Ningbo in mid-August, and 26 boats were in line in Shanghai.Īnton Posner, CEO of the supply chain management company Mercury Resources, said many ship chartering companies add COVID-19 clauses as insurance, so they don't have to pay for ships stuck at sea. As a result, nearby Shanghai had the strongest congestion in at least three years.Ĭhina's zero tolerance for the spread of COVID-19 suggests this latest port closure may not be the last, said Nick Marro, head of global trade at the Economist Intelligence Unit. The Yantian terminal in Shenzhen, a city in south China, was partially closed for several weeks in late May. The Meishan terminal closure was the second coronavirus-related closure of ports in China in recent months. Since mid-July, the Baltic Dry Wholesale Price Index has increased by more than 10 percent. The estimated cost of shipping a container from Shanghai to Los Angeles has tripled over the past year. And between Shanghai and Los Angeles during the same period, sixfold from $1,700 to $10,300. Costs to ship a 40-foot container between Shanghai and Rotterdam increased almost tenfold from $1,400 in May 2020 to $13,700 in August 2021. Shipping rates to its east coast also rose more than 220 percent to more than $17,500 per TEU. According to the Freightos Baltic Global Container Shipping Index, container shipping rates from China and Southeast Asia to the west coast of North America have risen more than 270 percent to more than $15,800 per TEU. How and why did it happen?įirst of all, the suspension of service at the Meishan terminal came against the backdrop that container shipping rates continued to skyrocket this year. To my mind, it was a classical butterfly effect – after this tiny incident, a real panic suddenly broke out in the world of container shipping. However, as shown by genetic sequencing, he was infected with the Delta strain by contacting sailors of foreign cargo ships.Īccording to China's Ministry of Transport, the Meishan terminal handled just 5.44 million TEUs (the 20-foot equivalent unit) in 2020 or only about 17 percent of Ningbo's total container handling. As of early August, the worker had no symptoms. Ningbo authorities said the port worker was vaccinated twice, with the second dose on March 17. The Lorenz effect occurred recently when Chinese regulators decided to stop servicing ships at the Meishan terminal in Ningbo-Zhoushan Port on August 11 after they discovered that one of the workers there had contracted the Delta variant of the coronavirus. It was Edward Lorenz, an American mathematician and meteorologist, who called this phenomenon the "butterfly effect." To illustrate the butterfly effect, scientists often cite the following fictional case: "a butterfly flapping its wings in Brazil could set off a tornado in Texas". In nature, it is often difficult to predict what variations will occur at a given time and place, and sometimes minor disturbances can grow exponentially over time. In chaos theory, the butterfly effect refers to the hypersensitive dependence of events on initial conditions in which a small change in the primary state of a nonlinear system can lead to considerable differences in later development. The article reflects the author's opinions and not necessarily those of CGTN. Where do I get to when I dig a hole in Ningbo through the centre of the earth? This is the point on the Earth's surface when you draw a straight line from Ningbo through the centre of the earth.Editor's note: Djoomart Otorbaev is the former prime minister of the Kyrgyz Republic, a distinguished professor of the Belt and Road School of Beijing Normal University, and a member of Nizami Ganjavi International Center. How far is it from Ningbo to the South Pole? From Ningbo to the South Pole, it is 8,281.75 mi ( 13,328.19 km) in the north. How far is Ningbo from the equator and on what hemisphere is it? Ningbo is 2,063.70 mi ( 3,321.21 km) north of the equator, so it is located in the northern hemisphere. ![]() How far is Ningbo from the North Pole? Ningbo is located 4,154.70 mi ( 6,686.35 km) south of the North Pole.
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