Shanghai has actively supported the orderly resumption of work and production since June 1st. As the two-month COVID lockdown eases, the manufacturing industry in this city is ready to get back up to speed.
The Philippine Coast Guard (PCG) is reportedly conducting an extensive search and rescue operation along with one of the main shipping lanes in the waters of the Sulu Sea after a bulk carrier rammed and sank a fishing vessel.
An estimated 260,000 TEU of cargo is expected to flood the market at the Port of Shanghai this summer, making this year's peak season even busier than last.
The Russia-Ukraine War has triggered a global food crisis. The food competition has intensified, with soaring freight rates for small and medium-sized bulk carriers and daily rentals surging to more than $30,000.
According to the International Labour Organization (ILO), most of the approximately 1,000 seafarers trapped in Ukraine have already left, while the remaining small number is under the continuous attention of various international organizations and relevant countries and governments.
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