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Trade-reliant Thailand plans to launch a national shipping company next year to bolster its trade capabilities, reduce transport costs and become a bigger player in global logistics as the Malacca bypass opens. “With Covid, we’re facing container shortages, so a lot of our goods can’t be shipped and some products will perish. Losses are incalculable,” Transport Minister Saksayam Chidchob said in an interview. “The shipping line can increase security and support the country’s ambition to become a logistics hub.”

Dive Brief: Rising port congestion has toymakers worried their products won't make it onto shelves by the holiday season, Ed Desmond, vice president of The Toy Association said during a virtual press conference with the Port of Los Angeles. "If people go out to those major retailers, they will see the toy shelves are pretty well-stocked. We don't know how long that will last," Desmond said. "One issue we do fear is that you may not see the same breadth of selection heading into the fall shopping season."