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Daily Archives: April 2, 2021

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Increased Congestion and Rising Ocean Freight Cost Forecasted for the Remainder of 2021

NewsBy Jason TingApril 2, 2021Leave a comment

With factories in China now back at full steam producing products after the Chinese New Year, the outlook for ocean freight shipping for the remainder of the year is becoming clearer. Congestion The entire supply chain is still bogged down. Vessels are sailing at maximum capacity with full utilization of carrier fleets. Those vessels sailing…

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