With the recent strong typhoon “White Dolphin”, Shanghai Port has been closed since August 8, and port operations have been blocked, affecting the entire chain of containers entering the port, carrying cases, and delivery. The reporter investigated a logistics service platform and found that in addition to Ningbo Port being hit by the typhoon, the options for alternative ports nearby are very limited, and shipping delivery times may be extended by 7 to 10 days. Meanwhile, supply chain disruptions also continue to spread to the commodity market. Institutional sources pointed out that coastal dry bulk freight rates have risen significantly in the past week; the contraction in demand for fuel oil is stronger than the contraction in supply, and prices may break out of the decline first, then rise and then fall back down.

With the recent strong typhoon “White Dolphin”, Shanghai Port has been closed since August 8, and port operations have been blocked, affecting the entire chain of containers entering the port, carrying cases, and delivery. The reporter investigated a logistics service platform and found that in addition to Ningbo Port being hit by the typhoon, the options for alternative ports nearby are very limited, and shipping delivery times may be extended by 7 to 10 days. Meanwhile, supply chain disruptions also continue to spread to the commodity market. Institutional sources pointed out that coastal dry bulk freight rates have risen significantly in the past week; the contraction in demand for fuel oil is stronger than the contraction in supply, and prices may break out of the decline first, then rise and then fall back down.