Week 40 Market Update
October 4, 2024
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
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
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
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
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
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
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
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
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
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
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
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
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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