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22
Aug
Fewer Vessels on the Asia to Europe Route
Lower growth in China and a poor Eurozone economy has caused many major shipping lines to slash the number of sailings on the world’s busiest route between Asia and Europe. The peak season for container shipping is normally late summer […]
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04
Mar
Cargo diverted from West Coast ports may not return
Over the past few months as congestion and delays grew at West Coast ports, shippers using the West Coast ports began to divert more and more cargo to the East Coast ports in anticipation of a possible port strike and […]
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27
Feb
Eastbound Pacific carriers seek double GRIs to recover from congestion
To recover from congestion, ocean carriers seek double GRI’s On Wednesday, shipping lines in the eastbound pacific announced their intentions to raise ocean freight rates $600 per FEU (forty-foot equivalent unit) on March 9th, and also announced an additional $600 […]
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17
Feb
Labor Secretary sent to West Coast for Port Negotiations
The White House announced last Saturday that they would intervene to seek an end to a labor dispute which has led to costly delays in West Coast shipping. U.S. Secretary of Labor Tom Perez was sent on Monday to San […]
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27
Jan
Progress in West Coast Port Talks
The Pacific Maritime Association said Monday afternoon that a “tentative agreement was reached on the chassis topic” with the International Longshore and Warehouse Union during contract talks on Sunday. A spokesman for the employer group Pacific Maritime Assn., also said […]
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