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On Sunday China announced Shanghai would enter a staggered lockdown, starting today, marking the biggest city-wide lockdown in the People’s Republic since the Covid outbreak began more than two years ago.
For shipping, congestion at the port – already very high – is expected to increase in the coming days, while overseas, terminals in Europe and North America will have to brace for an even larger whiplash effect when the city regains normal productivity – and comes as global supply chains absorb the fallout from a seven-day lockdown in Shenzhen to the south earlier this month.