CONTAINER PREMIUMS: Rates strengthen to US East Coast as shippers seek to avoid US West Coast

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Some further strengthening was seen over the course of the week for trans-Pacific premiums as many US-based importers continued booking cargoes to the US East Coast, rather than face the uncertainty of labor negotiations on the US West Coast. This has only served to fuel a currently worsening situation on the East Coast, with higher booking rates coming hand in…