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Ocean Carriers Target July Rate Hikes as Congestion Ties Up 10% of Fleet
Global port congestion is tying up about 10% of the world’s fleet at anchorages. These conditions are expected to support carrier plans for rate increases in July, according to reporting from The Loadstar. Shanghai is experiencing delays of up to five days, while Taiwan is facing both congestion and overbooking, The Loadstar reported. According to