News

Week 40 Market Update

RECESSION FEARS STOKED ON DAY THREE OF AMERICA’S PORT STRIKE Around 45,000 dockworkers at ports stretching from Maine to Texas went on strike on Monday

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WEEK 39 MARKET UPDATE

ILA contract negotiations: US supply chains brace for disruption   As the Sept. 30 deadline for the International Longshoremen’s Association (ILA) contract renewal passed, negotiations have

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Logistics _ OceanFreight

WEEK 38 MARKET UPDATE

MSC SET TO MORE THAN DOUBLE ITS SHARE OF SLOT-SHARING AGREEMENTS  Global liners last week announced en masse their schedules on the main east-west trades

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Ocean Port

WEEK 37 MARKET UPDATE

US EAST COAST DOCKWORKER UNION PRESIDENT VOWS TO ‘HIT THE STREETS’ ON OCTOBER 1  The union threatening to go on strike at ports along the

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ocean freight shipping

WEEK 36 MARKET UPDATE

PORTLAND TERMINAL 6 AID ‘URGENTLY’ NEEDED, REPORT SAYS   A maritime shipping coalition led by the Port of Portland is asking the state for money to

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Ocean Port

WEEK 35 MARKET UPDATE

OTTAWA MOVES FAST TO END CANADIAN RAIL SHUTDOWN   The Canadian rail strike ended yesterday some 18 hours after it started as authorities moved rapidly to

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PIERPASS

TMF at Ports of Los Angeles and Long Beach to  Increase 6.0% on September 1, 2024  The West Coast MTO Agreement (WCMTOA) today announced that

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WEEK 34 MARKET UPDATE

CANADA’S TWO LARGEST RAILWAYS SHUT DOWN   Canada’s two biggest railways have shut down after a midnight deadline passed without an agreement overpay  conditions. The stoppage

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WEEK 33 MARKET UPDATE

POSSIBLE U.S. PORT STRIKE COULD BACK UP GOODS FOR MONTHS   The ILA union issued a newsletter recently focused solely on showing pictures from past strikes

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Logistics port

WEEK 32 MARKET UPDATE

PANAMA CANAL INCHES BACK TO NORMALITY   The Panama Canal Authority (ACP) has upped the maximum authorised draft allowed for vessels transiting the larger neopanamax locks

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WEEK 31 MARKET UPDATE

GENERAL AVERAGE DECLARED ON MAERSK FRANKFURT   General average has been declared on the badly burnt Maersk Frankfurt, a brand new 5,500 teu boxship which caught

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WEEK 29 MARKET UPDATE

GLOBAL SUPPLY CHAIN DISRUPTIONS CONTINUE DUE TO RED SEA SITUATION   The fallout from the ongoing Red Sea situation continues to create significant challenges for global

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