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End of shipping woes nowhere in sight

Port of Los Angeles port of los angeles
Legislation reportedly being drafted to strengthen FMC’s ability to enforce its oversight.

Robust global sea freight demand continues, and the end of the container rate hike is nowhere in sight, according to Rabobank’s latest “Agribusiness Review.” Both the Suez Canal incident and the ongoing COVID-19 pandemic only exacerbated the container shortage situation, the firm noted.

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