Ships stuck at port map free#

It has also altered job market conditions. Uncertainty Clouds the SurfaceĪcross many countries, the pandemic has made entrenched labor trends worse. In the above graphic, we map unemployment forecasts in 2023 using data from the IMF’s World Economic Outlook. jobless rate hasn’t fallen this low since 1969.īut as some economies navigate a strong labor market against high inflation and hawkish monetary policy, others are facing more challenging conditions. With an unemployment rate of 3.4%, the U.S. The unemployment rate in six of the G7 countries hovers near the lowest in a century.

Ships stuck at port map free#

Sign up to the free mailing list to get beautiful visualizations on financial markets that help advisors and their clients.Īs 2022 clearly illustrated, the global job market can surprise expectations. This was originally posted on Advisor Channel. Mapped: Unemployment Forecasts, by Country in 2023 According to an article in Freight Waves, this could turn into the biggest supply chain issue since the start of the pandemic if China’s marine shipping congestion isn’t cleared up soon. The global impacts of this current bottleneck are still pending, and depend greatly on the length of Shanghai’s lockdown. Delays at the Shanghai terminal have sent ships to neighboring ports in Ningbo and Yangshan, but those ports are beginning to get congested as well. Wait times for at Shanghai marine terminals has increased nearly 75% since the lockdowns began. Much of these delays are due to transport issues-an estimated 90% of trucks that support import and export activities are currently offline, which is causing dwell time for containers at Shanghai marine terminals to increase drastically. The number of container vessels waiting outside of Chinese ports today is 195% higher than it was in February. If you’d like to check out the Shanghai ports most up-to-date traffic, this live map by MarineTraffice provides real-time updates. As of April 19, 2022, over 470 ships are still waiting to deliver goods to China. Traffic has been building up at the Shanghai terminal. In the image, a majority of the white dots are cargo ships, many of which have been stuck in limbo for days. Here’s a closer look at satellite imagery that was captured by the Sentinel-1 satellite, which shows the current congestion at Shanghai’s port as of April 14, 2022. That’s because the Shanghai port is a major hub for international trade, and one of the largest and busiest container ports in the world. While the port is still technically operating, shipping delays will likely cause hiccups in the global supply chain. And while activity has recently picked up, it’s still far below average shipment volumes prior to the recent lockdown. By the end of March, as restrictions continued to tighten up, shipping activity dipped nearly 30% compared to pre-lockdown levels. Shipping volume has dipped drastically since early March this year, right after partial lockdowns began in Shanghai. Shanghai’s port system, which handles about one-fifth of China’s export containers, is currently experiencing significant delays as a result of the recent government lockdown. These cautionary measures have had far-reaching impacts on China’s economy, especially on its supply chain and logistics operations.

Recently, lockdown restrictions have been enacted in major cities like Shenzhen and Shanghai, as China deals with one of its worst outbreaks since Wuhan in December 2019. Satellite Maps: Shanghai’s Supply Chain StandstillĬhina has mandated a strict “zero COVID” policy since the onset of the global pandemic, which has led to tight lockdowns across the country whenever cases have started to spike.