Cosco is among shipping companies distributing huge year-end bonuses to workers, Caixin said, citing employees at the company. Cargo containers are stacked at Yantian port in Shenzhen, China, on June 22 last year. The congestion has prompted the Yantian terminal to restrict acceptance of containers. The price of US imports from China was at the highest level for more than six years last month. “It’s not just China, all shipping operations have been affected worldwide,” Columbia Shipmanagement Ltd CEO Mark O’Neil said.

Source: Taipei Times January 23, 2022 20:29 UTC