This summer Maersk — the world's biggest container shipping company — announced record profits for the second quarter of 2021. Throughout the pandemic, their peers in the ocean shipping industry have achieved similar levels of success by price gouging companies that import ingredients into the U.S., including chemical distributors.
We are not alone in this regard. American businesses have been facing a maritime shipping crisis for more than a year, and there has been little action from our leaders in Washington to address it. From the beginning of the COVID-19 pandemic, there has been an immense strain on the United States logistics system. Ports across the U.S. continue to suffer from severe congestion causing cargo ships to experience significant delays in unloading cargo and, ultimately, delivering product in a reasonable time.
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