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Partial closure of ports in China as a result of an increase in Covid-19 infections is expected to cause shortage of commodities globally in the next few weeks, with Africa likely to be most affected. China is one of Africa’s leading market sources, with data indicating that China-Africa trade reached $185.2 billion between January and ...
The companies prefer to divert shipments to other ports rather than wait outside Ningbo for an unknown length of time.
Although demand growth is slowing Drewry has upgraded its expected profits for container lines in 2021 to $190bn, and even higher in 2022.
The worlds container carriers smashed records in 2021 leading to reports of dramatic profit increase...
A key factor in whether ocean liners can restore a reliable infrastructure for global trade in 2022 will be the strength of consumer goods demand.