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Source: Journal Star
Source: UFCW
The world’s top three container lines appear to have little visibility into whether Chinese regulators will join their U.S. and European counterparts in allowing the carriers’ P3 alliance to take effect.
Sources within the carriers of the P3 Network, which comprises Maersk Line, Mediterranean Shipping Co. and CMA CGM, said this week that they have no clear indication when a decision would come down. One said the best guess at this point was that a decision would come in June, which would be at the end of the second quarter, which was when the carriers originally said they wished to launch the alliance. But approval is not a certainty, with one source putting the odds for approval no higher than 50-50.
More at Journal of Commerce
The redevelopment of the Panama Canal has been halted because of the indefinite nationwide strike called by the main construction union in the country, calling for a salary increase of at least 20% annually.
“The extension is fully paralyzed … the construction industry stands because we are a serious union,” said Hector Hurtado, secretary of the Trade Union of Construction Workers and Similar (Suntracs).
When asked whether the measure was repeated in the Atlantic slope, the union leader answered “yes exactly. The whole project is paralyzed … employers have forced us to take the step, because their wage proposal is not satisfactory to the workers,” said Hurtado.
More at Costa Rica News
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