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What is the impact of the global shipping crisis that is forecast to last until 2023?

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Looking back at 2021, the shipping industry crisis caused by the COVID-19 pandemic has seriously unbalanced the shipping market, pushing container shipping rates to record highs. After changing forecasts, experts said that the global shipping crisis will last at least until 2023. Currently, many container ships are still stuck in the Red Sea. The shipping crisis has a global impact, including Vietnam and Malaysia. The two countries have come up with solutions to limit this impact.

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