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Citigroup: The US port strike will not have a significant impact on freight rates if it does not exceed one month.

On October 3, Jinshi data reported that according to Citibank analyst Sathish Sivakumar, the impact of the strike on freight may be minimal based on Citibank’s basic prediction that the busiest port on the US East Coast will stop working for up to a month. Citigroup said that the port strike is still the focus of container shipping, and the key issue is how long the strike will last and then have a broader impact on the supply chain. “Our analysis shows that a strike of up to one month is controllable and will not cause significant disruption to the Supply Chain.”

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