The ongoing delays and blank sailings, the container shortage and lack of capacity, along with the rising demand for ocean freight from Asia to the USA have resulted in soaring freight rates. The increasing sea freight rates and the container crisis have generated a global supply chain disruption across industries. This has had a considerable…
The global shortage of shipping containers that started with the pandemic in the first quarter of 2020 is still ongoing. As a result, there’s a drastic surge in container and shipping costs along with a longer wait for the concerned parties. The container shipping industry doesn’t have enough containers to deal with the shipment demand….
The alarming rate in which the pandemic has spread has had a major impact on the ocean freight shipping industry which was already reeling under the effects of the trade war. The pandemic has dealt a severe blow to this industry which is presently coping with the impact of the pandemic. Keep reading to find…