Sea Freight Rates on a Trough May Instead Crest on the Back of a US Port Strike
OCEAN freight rates have been on a steady slide, but events in the US might just kickstart a reversal. Market watchers are warning that a scheduled port strike on the US East Coast is expected to put upward pressure on rates in the short term, particularly, if the industrial action runs into weeks.
Already, carriers have announced that they would impose "disruption surcharges" in view of the labour walkout.
The Shanghai Containerized Freight...
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