|There are 154 Container Ships waiting to offload cargo to Ningbo and Shanghai ports.|
It's a combination of the prior closure in Yantian, chartered ships added to the trans-Pacific trade, and ships that were pulled from other trade lanes to take advantage of the outrageous rates for east-bound trans-Pacific container shipping. Also, the added ships are smaller, so the port productivity is sharply reduced.
I also noticed lots of 4th quarter items missing in Walmart yesterday. The toy department is thin, and they've started putting grocery and cleaning products in the power aisles where general merchandise would normally be this time of year. The end caps in the grocery department also looked like they were not what the planogram called for, possibly due to shortages.