Carriers eye major rate hikes for July, even as port congestion strands 3.4m teu
Congestion in European and Asian ports has kept 3.4m teu of box ship capacity queued, ...
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By Sam Whelan
Box congestion at Sydney’s port Botany remains “critical”, with the continuing surplus of empty containers costing transport operators millions in extra logistics.
While industrial action is currently on hold pending negotiations between the country’s three major stevedores and the Maritime Union of Australia (MUA), the bottleneck created ...
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