Truck drivers went on strike for the sixth day on the June 12th. The strike has paralyzed the movement of goods in South Korea's industrial hub and major ports.
Biden pointed out on Thursday that one of the main reasons for the increase in shipping costs is that nine ocean shipping companies control the trans-Pacific market and increase freight rates by 1,000%.
The ongoing discussions between German United Service Union (ver.di) and the Central Association of German Seaport Companies (ZDS) could cause further delays across not only German but also other ports across Europe.
Mediterranean Shipping Lines (MSC) recently announced the launch of the "Pertiwi" service in the Asian intraregional market, providing direct services from China and South Korea to Southeast Asia.
Thousands of truck drivers have gone on strike at major ports and container warehouses, hoarding cargo and slowing or halting shipments at ports, the latest threat to already strained global supply chains.
According to the latest news, the cargo volume of Shanghai Port has continued to rise. At present, it has basically returned to more than 95% of the normal level.