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So, marginal increases in demand can push the index higher quickly, and marginal demand decreases can cause the index to fall rapidly. e.g. "if you have 100 ships competing for 99 cargoes, rates go down, whereas if you've 99 ships competing for 100 cargoes, rates go up.
Negotiations between the ILA and the United States Maritime Alliance began breaking down in June 2024. [6] One major sticking point was wages. The ILA wanted members to receive a $5/hour raise each year of the next six-year contract, whereas the Maritime Alliance proposed a $2.50/hour raise each year. [6]
Yahoo Finance's Dani Romero joins the Live show to discuss the decline of ocean freight rates amid the easing of supply chain pressures.
6 Ocean Network Express (ONE) Japan: 1,809,846 232 6.3% [Note 6] Premier Alliance 7 Evergreen Marine Corporation Taiwan: 1,648,821 212 5.7% [Note 7] Ocean Alliance 8 HMM Co. Ltd. South Korea: 797,327 71 2.8% Premier Alliance 9 Yang Ming Marine Transport Corporation Taiwan: 708,591 94 2.5% Premier Alliance 10 Zim Integrated Shipping Services ...
Shipping rates have fallen sharply this year as the pandemic-induced scramble for shipping and the resulting spike in costs has peaked, according to experts. Shipping rates plunge as experts say ...
Rates on a 15-year mortgage stand at an average 6.18% for purchase and 6.22% for refinance — up 5 basis points from 6.13% for purchase and 5 basis points 6.17% for refinance this time last week.
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