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RTW_OCEAN FREIGHT SERVICES PORT

WEEK 1 MARKET UPDATE

US EAST COAST PORT TALKS SET TO RESUME   Talks are set to resume tomorrow between employers and dockworker unions across the US east and Gulf coasts in a  last-ditch bid to avert a strike pencilled in for January 15. Following a three-day strike last October, the International  Longshoremen’s Association (ILA) reached an agreement with the …

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WEEK 53 MARKET UPDATE

HAPAG-LLOYD US PORT STRIKE SURCHARGES TO GO INTO EFFECT SAME DAY AS TRUMP INAUGURATION  Ocean container carrier Hapag-Lloyd announced two surcharges ahead of a potential strike by unionized longshore  workers at U.S. East and Gulf Coast ports in January. The Work Disruption Surcharge (WDS) and Work Interruption  Destination Surcharge (WID) are effective Jan. 20, 2025, …

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Freight Systems

WEEK 52 MARKET UPDATE

PORT STRIKE THREAT HELPS BOOST TRANS-PACIFIC CONTAINER RATES   A late-year freight surge has kept ocean container rates elevated on trans-Pacific routes to the United States. Routes  from Asia to the U.S. West and East coasts showed narrow increases for the week ending Dec. 20, according to shipping  data analyst Freightos, and are about 15% higher …

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PORTS AND OCEAN FREIGHT

WEEK 51 MARKET UPDATE

SHIPPERS WARNED OF CHAOTIC START TO 2025 FOR CONTAINER SHIPPING   DHL Global Forwarding said that stronger than expected demand container shipping is being seen in the final months of  2024. In its Ocean Freight Market Outlook December 2024, the company noted that Chinese exports were exceeding  expectations due to expected tariff hikes by incoming US …

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Shipments_RTWlogistics

WEEK 50 MARKET UPDATE

SHIPPERS URGE LONGSHORE UNION, EMPLOYERS TO RESUME CONTRACT TALKS   With just weeks to go until a contract extension runs out, a coalition of shippers is urging East and Gulf coast port  employers and union longshore workers to resume negotiations to avert another port strike. In a letter to International  Longshoremen’s Association President Harold Daggett and …

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WEEK 49 MARKET UPDATE

UNION, EMPLOYERS RESUME WAR OF WORDS IN EAST COAST PORT CONTRACT DISPUTE  The war of words resumed this week between port employers represented by the United States Maritime Alliance  (USMX), and the International Longshoremen’s Association union and their 45,000 workers at East and Gulf Coast ports.  The sides had agreed to a media blackout when …

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