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Monday 25 October 2021 8:08 am  |  Updated:  Monday 25 October 2021 9:29 am

Shipping kingpin urges government to ramp up investment to tackle logistics crisis

Felixstowe Port Cites HGV Shortage In Container Backlog
The pandemic enforced a seismic shift in spending habits. As people were confined to their homes, they filled their time with buying things (Photo by Dan Kitwood/Getty Images)

The chief of one of the world’s shipping kingpins has urged governments to urgently tackle the global shipping crisis.

Jeremy Nixon, chief executive of Ocean Network Express, which oversee more than six per cent of the world’s freight, called on governments to ramp up investment to expand port capacity and improve railways and warehousing systems.

More to follow.

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As it happened: Miners fuel FTSE 100 recovery; oil jumps as Trump claims Strait of Hormuz

FTSE 100 stocks rise as Brent crude oil prices jump 1.8% to $104.98 amid Strait of Hormuz tensions and Trumps Iran stance

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