Wild Weather Sparks Ship Backlog From Shenzhen to Singapore
- 67 ships waiting off Hong Kong, 22% more congested than usual
- Exporters considering alternate routes to send cargo
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A tropical storm that’s lashing southern China mixed with Covid-related supply chain snarls is causing a ship backlog from Shenzhen to Singapore, intensifying fears retail shelves may look rather empty come Christmas.
Shipping data compiled by Bloomberg show there are currently 67 container ships anchored off Hong Kong and Shenzhen, around 22% more congested than median daily counts from April through Oct. 14. Typhoon Kompasu caused schools to close in Hong Kong and canceled stock market trading in the financial hub on Wednesday.