Congested Ports, Container Crisis
The week-long obstruction of the Suez Canal has passed, but the impact it has caused is coming. Congested Ports, Container Crisis.
The U.S. trade is expected to grow substantially
On April 1, the World Trade Organization (WTO) stated that after the global trade in goods shrinks by 5.3% in 2020, it is expected to rebound from the impact of the epidemic and achieve a growth of up to 8% in 2021.
The Incident of Evergreen On The Suez Canal
The Suez Canal has been accidentally congested and suspended for four days. As the rescue work to clear the blocked ships failed again on Friday, tensions in the cargo market continue to rise, and the relevant economic impact is beginning to show.