Cargo volumes of Shanghai’s shipping ports and air transportation have rebounded to more than 95% of their normal levels over the past week as the city is recovering from a wave of COVID-19 after strict lockdown measures for two months. The lockdown in Shanghai -- a major global shipping hub -- had threatened to pile further pressure on already-strained international supply chains.
More companies have resumed operation since Shanghai accelerated resumption of normal production and daily operations from June 1. The Shanghai Port’s daily container throughput exceeded 119,000 TEUs over the past week, while the daily export declaration volume at Shanghai’s Yangshan Port surged more than 50 % to 11,000 during the period.
The container throughput of the Shanghai Port stood at 3.41 million TEUs in May, an average daily increase of 7 percent from April, indicating stronger recovery momentum at the world’s largest container port.
Average daily cargo flights exceeded 200 at Shanghai Pudong International Airport during the three-day Dragon Boat Festival holiday that ended June 5, and rebounded to pre-outbreak levels.
The Shanghai Export Container Freight Rate Index (SCFI) released by the Shanghai Shipping Exchange has risen from 4175.35 on May 27 to 4208.01 on June 2, up 32.66.