Bottleneck At Crucial Chinese Port Could Cause Trouble For Oil Shipping

A major bottleneck at a Chinese port is creating additional disruption to supply chains and global trade, two months after the Suez Canal blockage disrupted global shipping, including oil cargo routes. The current situation at the Chinese port of Yantian Port is a “worrying” trend, the world’s largest container shipping company, Denmark-based A.P. Moller – Maersk, said on Thursday. The port’s operations were disrupted several weeks ago because of a COVID-19 outbreak, creating considerable congestion of container ships…