Trade Wars Worsen Shipping Crisis

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The global shipping crisis is deepening and shows no signs of relenting. The direct and negative effect this crisis has on importers, especially those who own small businesses, is profound.Complicating things is that this is a complex, multifaceted crisis that touches many different parts of the shipping industry. Ocean lines, armed with unmitigated power to set policy that dictates global trade, are rulers of the roost. There is also a clear need for more capacity to clear the backlog created by the pandemic, the Suez Canal blockage, restrictive limitations on inland shipments, and other factors, yet there is little evidence of that actually …

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