China orders partial closure of world's third-largest container port

Chinese authorities closed the Meishan terminal at the Ningbo-Zhoushan container port overnight after a worker tested positive for Covid-19.

The terminal accounted for roughly a quarter of container traffic at Ningbo-Zhoushan, the world's third-largest container port.

A similar incident in May at the Yantian port in Shenzhen lasted for about a month and led to snarl ups in supply chains across the world that lasted for a month.

This time around however the impact could be larger because of the projected increase in demand for all manner of goods heading into the end of the year.

Oil and electronics were the main goods imported through Ningbo-Zhoushan.

The news came amid rising concerns regarding the immpact that the Covid-19 Delta variant is having on the Chinese economcy as authorities are forced to implement such measures.