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 on September 1, 2024, the TraƯic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach will increase by 6%. The adjustment matches the increase in longshore wage …
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 of work by 9,300 engineers, conductors and yard workers at Canadian National Railway Co (CN) and Canadian Pacific Kansas City (CPKC) marks the first-ever simultaneous shutdown at the country’s main …
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 accompanied by the text: “The last coast wide strike of the International Longshoremen’s Association took place in 1977. Please take a moment to look through all the photographs displaying all …
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 by 30 cm to 14.94 m as it gets back to normal operations following more than a year of drought linked difficulties. The canal increased daily transits to 35 slots …
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 fire a week ago. Once the onboard containers are discharged from the vessel at a safe location, they will not be released for on-carriage or delivery until cargo interests have …
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 supply chains and customers, according to Maersk’s Asia Pacific July Market Update. Since December 2023, industry-wide disruptions have forced vessels to divert around the Cape of Good Hope, causing unprecedented …
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