Capture of MSC Aries will further drive up Indian export costs
With heightened geopolitical tensions sparked by the Iran-Israel faceoff, Indian exporters are again staring at ...
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With no end to negotiations between employers and dockworkers on the US west coast in sight, and the regions ports currently experiencing some of the worst congestion issues in living memory, clothing and footwear importers in the US are continuing to place bookings for ex-Asia container shipments despite the advent of the slack season. With Christmas still a week and a half away, importers’ attention has turned to receiving enough goods before China New year begins on 19 February. “It is so congested down there right now that if you didn’t bring in another piece of cargo, it would take the ports a month to dig themselves out of the hole,” said one local forwarder.
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