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Posts published by “Nicolas Rivero”

Ports are a mess but shipping company profits are at record highs

Ports are backlogged. Record numbers of ocean liners are waiting offshore for berths to unload their cargo. Shipping containers are nowhere to be found. Captains are rerouting their ships to avoid ports shut down by coronavirus outbreaks.And for many of the world’s largest shipping lines, profits have never been higher.The pandemic has been a double-edged…