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CONTAINER PREMIUMS: Trans-Pacific rates rangebound on sluggish demand | Hellenic Shipping News Worldwide

All-inclusive container rates into North America were rangebound at depressed levels during the week ended April 22 amid weak demand for cargoes out of Asia. As many North Asian cities and production regions remain under lockdown, US cargo owner sources indicated that Asian exports were increasingly difficult to book, compounded by a raft of port . ....

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CONTAINER QUARTERLY: Shippers look to USEC gateways amid USWC congestion, uncertainty

Shippers importing goods into the United States from Asia have been allotting more cargos to the US East and Gulf coasts in an effort to avoid congestion and diversify their risk ahead of potential industrial action at USWC ports, sources said. The shift comes as many North American ports continue to grapple with vessel lineups . ....

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Rates strengthen to US East Coast as shippers seek to avoid US West Coast | Hellenic Shipping News Worldwide

Some further strengthening was seen over the course of the week for trans-Pacific premiums as many US-based importers continued booking cargoes to the US East Coast, rather than face the uncertainty of labor negotiations on the US West Coast. This has only served to fuel a currently worsening situation on the East Coast, with higher . ....

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Market continues to dwindle amid increased sailing space | Hellenic Shipping News Worldwide

All-inclusive container shipping rates from North Asia to North America fell sharply in the week ending March 3 amid pushback from shippers as bearish macroeconomic factors began to weigh on sentiment. Premium service fees for shipments from North Asia to both the East Coast and West Coast of North America were pegged at $1,000/forty-foot-equivalent unit . ....

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President Biden targets container shipping alliances in State of the Union Address

President Biden announced March 1 new initiatives that will ramp up regulatory oversight of the container shipping industry, calling it a contributor to consumer price inflation through the use of capacity-sharing alliances among the major shipowners. “When corporations don’t have to compete, their profits go up, your prices go up, and small businesses and family . ....

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