China’s shipping industry is bracing for an uptick in demand and freight costs as manufacturing activity in Shanghai roars back to life after the city’s return to normal starting June 1, the South China Morning Post reported.
Although the Port of Shanghai has been operational, capacity largely was restrained because of the reduced availability of goods in the past two months. The port is the world’s busiest in terms of container throughput and a major gateway for goods produced in nearby manufacturing hubs.
