China Power Situation
Dear Friends,
Power Rationing is now underway in China, with production capabilities down by 40%!
Factories in at least ten Chinese provinces have either cut output or closed temporarily this month, after government-imposed power cuts to curb carbon emissions.
The flow of cargo into the origin terminals will quickly eliminate any backlog of freight now sitting waiting for space.
- The lack of empty equipment should also be resolved over a shorter period.
- Destination ports, ramps, terminals should start to clear up as well.
We will keep you updated as we learn how this will change rates, space and equipment going forward.
If you have any questions, please contact your OL USA Account Manager for more information.
Thank you.
Resources:
China power cuts: What is causing the country's blackouts?
China is struggling with a severe shortage of electricity which has left millions of homes and businesses hit by power cuts.
What you need to know about China’s power crunch
Date Published: September 30th, 2021
Intermittent electricity cuts with no prior notice for hours or even days. Dimmed traffic lights that cause chaos. Half-cooked rice in rice cookers. For many residents in northeastern China, the power cuts of the past week have felt like a return to the 1980s, when China had acute power shortages due to the stunning pace of its economic growth.
Read More: https://qz.com/2065891/why-is-china-rationing-electricity/
Why China has to ration electricity and how that could affect everyone
Date Published: October 1st, 2021
BEIJING Here is a riddle: China has more than enough power plants to meet electricity demand. So why are local governments having to ration power across the country?
Read More: https://www.npr.org/2021/10/01/1042209223/why-covid-is-affecting-chinas-power-rations
China’s Power Problems Expose a Strategic Weakness
Date Published: October 13th, 2021
China announced on Wednesday a national rush to mine and burn more coal, as the country’s electricity shortage threatens to damage its image as a reliable manufacturing base.
Read More: https://www.nytimes.com/2021/10/13/business/china-electricity-shortage.html
5 things you need to know about China’s power crisis
China’s state planner has met coal producers and an industry body to discuss measures such as setting price levels and ways to better identify companies engaged in “profiteering”, it said on Thursday, aiming to tame prices during a severe power crunch.
China issues major clean energy plan for industries amid push to meet carbon goals
The National Development and Reform Commission (NDRC), China’s top economic planner, along with nine other government departments, on Tuesday issued a national plan for promoting clean production in several energy-intensive sectors, including industrial, agriculture, services, construction and transportation.
Read More: https://www.globaltimes.cn/page/202111/1238545.shtml