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By Mike Wackett (The Loadstar) – Long-term container line contract rate agreements have reached new highs and, in some cases, are in excess of spot market deals currently touted by ocean...
Southern California port officials say the threat of a penalty fee, which has never been imposed, is a major reason cargo has been moving quickly and an enormous backup of container ships offshore has receded. The ports of Los Angeles and Long Beach have pushed back what they call a container dwell fee each week ...
First came China’s Wuhan lockdown in February 2020. Then came the closing of Yantian in Shenzhen, the world’s fourth-largest port, in June 2021. Now, Shanghai — site of the world’s largest port — is in extended lockdown. The first two events had extreme effects on container shipping to the U.S. But Shanghai is no Wuhan ...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Alibaba is experiencing negative sentiments and ongoing macro issues globally. See why we rate BABA stock as a buy only for speculative long-term investors.