The Port of Los Angeles is holding back on extending its gate hours as encouraged by the Biden administration, focusing instead on boosting efficiency in operations while coping with a surge in imports into the critical U.S. trade gateway.
After launching a three-day strike, the owners and workers of trucks and vans in Bangladesh have resumed work after some 33 hours, as the government agreed to meet some of their demands at a meeting on Wednesday.
Now, with the implementation of the "Belt and Road" strategy, cross-border e-commerce is booming, and the development of international freight forwarders is expected to enter a new chapter.
The recurrence of the Delta mutant strain is a heavy blow to the shipping industry. Shipping costs have soared as container prices around the world continue to hit record highs. Port congestion continues to worsen around the world, and global supply chains are in crisis.
Solid demand across dry bulk vessels segments propelled the Baltic Exchange’s main sea freight index to its highest level in more than a decade on Tuesday, with larger capesizes stretching a winning streak to a 10th straight day.
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