The recent blockage of the Suez Canal by the Ever Given disrupted global trade flows. What has the incident taught us about the maritime sector?
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Plastic bags will soon be banned in Germany. But plastic wrap material will still be required for packaging. However, the industry is currently grappling with supply problems owing to a lack of raw materials.
India is one of the biggest providers of seafarers for the shipping industry. But the nation's COVID wave has sparked travel curbs and restrictions on Indian crews, sending shipping firms scrambling to find replacements.
Demand for freight container transport has been soaring for about six months — despite or because of the pandemic. The same can be said of cargo rates and the profits made by shipowners.
Most goods are transported around the globe by ship, making overseas containers essential. But demand for the metal boxes far outstrips supply at the moment.
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