California port leaders expect imports to rise as Shanghai, home to the world's busiest seaport, emerges from a two-month Covid-19 lockdown
Additional shipping delays, port congestions and logistics under-capacity are expected while transport hub Shanghai remains in lockdown, the Danish company said.
Ukraine conflict has knocked 2.8% off world trade over last two months. And the Kiel Trade Indicator says China trade faces 'stagnation', due to the Covid lockdown in Shanghai
The funding will assist Papua New Guinea Ports Corporation to increase capacity to accommodate larger ships, including container vessels