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Typhoon Saudel makes landfall in Taizhou, CCTV reports
The storm halted terminal operations, grounded flights and raised intra-Asia freight rates 25 percent since July 30, Drewry said.
On Friday at 8 a.m., Typhoon Saudel made landfall in Yuhuan, Taizhou, Zhejiang, with winds up to 126 km/h, forcing the Port of Shanghai and Ningbo-Zhoushan to close through Saturday.
Terminals in Shanghai and Ningbo suspended operations starting Wednesday to prepare for the storm; logistics firm Kuehne+Nagel reported Yangshan and Waigaoqiao halted empty container operations by 2 p.m. Wednesday.
According to MarineTraffic data released Thursday, Shanghai recorded 1,506 port-call movements, around 70 percent fewer than the preceding day, while Ningbo Lishe International Airport cancelled 16 inbound and 28 outbound flights.
Ocean spot freight rates increased 25 percent to $1,199 since July 30, according to maritime advisory Drewry, pushing the Intra-Asia Container Index to its highest level in three years.
Research firm Linerlytica estimates east Asian berthing delays left 4.3 million TEUs stranded, accounting for 12.6 percent of global fleet capacity amid persistent weather disruptions.
(Beijing=Yonhap News) Correspondent Han Jong-gu = As Typhoon Saudel, the 18th typhoon of the season, made landfall in southeastern China on the 28th, strong... in nine provinces and autonomous regions including Zhejiang and Fujian...