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September 10, 2021

Industry News: Container Shipping: Record Delays, Record Profits

From MarineLink.com Friday, September 10, 2021   As ports and hinterland transport struggle to keep up, delays at ports are soaking up capacity leading to frustration on the shippers’ side and leaving carriers struggling to keep up all the while making record profits, shipping organization BIMCO reports. Drivers of demand and freight rates The container […]

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July 13, 2021

Industry News – Shipping Delays and Higher Rates Get Small Businesses Jammed Up

Small importers bear the brunt of snarled supply chains; ‘$17,000 and it won’t move until September’ Wall Street Journal By Costas Paris July 11, 2021 11:00 am ET Video: LA port backup reflects larger supply-chain issues Long waits for merchandise deliveries and crippling costs are hobbling the efforts of small and midsize businesses across the […]

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July 7, 2021

Industry News – Grasshopper infestation ravages drought-stricken West

Infestation could cost hundreds of thousands of dollars in agricultural losses By Peter Aitken | Fox News The western United States, already stricken by a severe drought, now has a plague of grasshoppers to contend with. Agriculture officials have launched the largest grasshopper-killing campaign since the 1980s as the insects’ strip an already ravaged land. […]

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June 28, 2021

Industry News – Shipper Fury as Container Freight Rates Soar

Shipper Fury as Container Freight Rates Soar June 27, 2021 By Mike Wackett (The Loadstar) – Short-term freight rates from China to North Europe have breached the $20,000 per 40ft mark, while transpacific carriers are quoting rates of up to $25,000 to the US west coast. And there was one report of $32,000 from Shanghai to Los […]

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