European Shipping Bottlenecks Signify Growing Global Trade Concerns
Recent reports indicate that significant shipping bottlenecks in Europe are sending warning signals to the US and Asia as escalating port congestion strains container shipping flows. Companies are reevaluating their just-in-time logistics due to chronic delays. As European port congestion deepens, trade disruptions threaten to further increase shipping costs, with congestion now reaching five to six days. These issues are expected to persist into July amid mounting global trade tensions.
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