Spot rates from Asia to the US East Coast are dropping faster than in past years as carriers route discretionary shipments to the West Coast to avoid getting caught up in a threatened dockworker strike on the East and Gulf coasts.
East and Gulf coast maritime employers laid out their terms for signing a new contract with longshore workers, but they warned the ‘signal’ to strike is clear.
Winds of more than 120 miles per hour closed ports, damaged factories and brought down power lines in northern Vietnam this weekend, delaying some vessels for days.