Lockdown Induces Shanghai Port Congestion, Drags Foreign Trade and Global Supply Chain
A prolonged citywide lockdown caused congestion in the Port of Shanghai and affected the global supply chain due ...
Source: theepochtimes.com
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Economic Recovery Hindered by Lines Skipping Ports | Hellenic Shipping News Worldwide
Report reveals extent of capacity restriction as a result of scheduled port calls skipped and blank sailings by lines during 2021. Certain regions will suffer economic impact hindering post-pandemic recovery The MDS Transmodal (MDST) research, commissioned by Global Shippers Forum (GSF) found that global ports lost over a third of their expected capacity to ship ...
Source: hellenicshippingnews.com
Shippers call Joe Biden's attack on container lines "dynamite"
Container carriers may finally have the instrument they’ve been missing for years, with the Global Shippers Forum deeming the latest move by US President Joe Biden pure dynamite. Now, they will bring the clear US statement before the European Commission.
Source: shippingwatch.com
Shipping rates expected to stay high in 2022, stoking inflation
The situation is throwing a spotlight on the market concentration of shipping lines, and their legal immunity from antitrust laws. . Read more at straitstimes.com.
Source: straitstimes.com
Shipping Companies Had a $150 Billion Year. Economists Warn They're Also Stoking Inflation
Shipping Companies Had a $150 Billion Year. Economists Warn They’re Also Stoking Inflation
Source: eurocapital.gr