What to know about the US port strike and its potential impact on the economy

Quick Summary:

US$1 billion to US$5 billion in lost activity is expected for each day of the strike.

Shipping lines, including MSC, Maersk and Hapag-Lloyd, have alerted customers to the realities of widespread port closures.

In the latest round of talks, he is up against Mr David Adam, chief executive of the USMX – which represents more than 30 members, such as Maersk, MSC and Cosco.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Workers Latest Union Strike Role Global Shipping Weeks Port Newark Usmx

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 09:04:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 766 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22844454

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 14 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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