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"Now is not the time for carriers to refuse to negotiate a fair wage for workers while raking in record profits."

USMX made last ditch attempt to avoid strike by offering a 50% hike in wages over six years - an offer rejected by ILU.

"Consequences will be severe, not only through congestion at U.S. ports but ships will be delayed for the next voyage."

"It is also a case that the lower end of spot market will eventually increase as an overall market spike progresses."

Weekly fixed day sailings with 8,500 TEU vessels from August 15, departing from Indian subcontinent to USEC