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Ocean Shipping Shrinks as Pandemic Pummels Retailers

By Jonathan Saul, Lisa Baertlein and Sonya Dowsett LONDON/LOS ANGELES/MADRID, June 5 (Reuters) – The $1 trillion container shipping industry is in a slowdown. Literally. Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking longer routes around Africa, avoiding Suez canal passage fees, according to […]

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