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Global Ship Lease Newsroom
The crisis of the East Coast dock strike has been resolved, and industry insiders predict that the shipping rates for the West Coast route will begin to decrease.
①ILA and USMX have reached a preliminary agreement to avoid a dock strike on January 15. ② Analysts say that the shipping prices on the U.S. West Coast will enter a downward trend, and if the geopolitical factors in the Middle East ease, the price trend on the European route will likely decline, which will subsequently affect the profitability of shipping companies.
Trump mentioned that "military seizure of the Panama Canal and Greenland cannot be ruled out". What does he value? Trade routes!
Global warming is driving up the trade value of the Panama Canal and Greenland. Greenland's geographical location is crucial for controlling Arctic shipping routes, while melting ice is encouraging the emergence of new competition in commercial and maritime industries; at the same time, the shipping system of the Panama Canal, an important hub in global trade, continues to face serious threats from prolonged drought.
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The first challenge facing Trump after taking office: Are port workers in the USA going to strike again?
Strikes will pose risks to the USA economy and place Trump in a political dilemma. The President has the authority to end the strikes, but Trump may face a dilemma of supporting labor associations against automation.
USA port workers want to launch a new round of "big strike". Is the Global supply chain crisis resurfacing?
Most economists expect that if the dockworkers' strike lasts no more than one or two weeks, then another strike will not have a significant economic impact.
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