Port News & Information Mediterranean, Black & Caspian Seas

FT: Huge shipping containers surplus after COVID-related shortages

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London, United Kingdom (Ports Europe) May 24, 2023 – Global demand for goods is declining after the post-COVID restrictions and boom and this is hampering the demand for shipping containers. According to a Financial Times article, production of 20-foot equivalent units (TEUs) – the industry’s standard size for a container – fell 71% from 1.06…

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