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Boxships piling up near Yantian Port amid heavy congestion

A large number of containerships are now dotting the Daya Bay area in the South China Sea, Lloyd’s List Intelligence vessel-tracking data shows

Linerlytica analyst Hua Joo Tan says it will take another week or two before the port congestion can be cleared. What is more, already rocketing freight rates may ‘escalate again’

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