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Shipping container logjam at UK's Felixstowe port

The UK's largest commercial port says supply chain crisis causing a logjam

The UK's largest commercial port says the supply chain crisis has caused a logjam of shipping containers. The Port of Felixstowe, which handles 36% of the UK's freight container traffic, blamed the busy pre-Christmas period and haulage shortages. In Shenzhen, China, two tropical storms in quick succession and covid lockdowns have caused a bottleneck. In Longbeach, California, the harbour has some 87 ships idle offshore waiting to dock. We hear from shipping giant Maersk, which is re-routing some of its biggest ships away from the Felixstowe. Maritime trade expert Lori Ann LaRocco explains why this is all happening in so many places at the same time.

Members of the G20 group of major economies have pledged millions of dollars to avert an economic catastrophe in Afghanistan. Mohib Iqbal, who worked for the World Bank in Afghanistan until earlier this year, tells us what the G20 nations could do to get the money where it's needed. Plus, a recent referendum in Berlin approved a plan to allow the city to seize properties owned by large-scale private landlords, in a bid to make the German capital a more affordable place to live. Joanna Kusiak helped organise the referendum, and says an influx of financial companies in Berlin's property sector has exacerbated an affordability problem. Heimstaden is a Swedish company which owns 20,000 apartments in Berlin, and its chief investment officer Christian Fladeland makes the case for allowing more home construction instead of allowing property to be seized. And Professor Edward Glaeser of Harvard University, who specialises in the economics of urban spaces, argues that if the referendum result is turned into law, it will disincentivise developers from building new property. (Picture: Felixstowe port. Credit: Getty Images.)

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27 minutes

Last on

Tue 12 Oct 2021 22:32GMT

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  • Tue 12 Oct 2021 22:32GMT