And CEO Vincent Clerc indicated the current high-rate environment bodes well for 2027 contract renewals, especially on the Asia-Europe trade.
China's most important holiday begins on Feb. 6, 11 days earlier than this year, which will prompt exporters to lock in bookings sooner and push up rates, analysts and forwarders say.
The fresh extension came after the Pacific Maritime Association and ILWU Local 26 failed to reach a new deal after negotiating late into Wednesday evening.
