Strike swell hits transatlantic rates – transpac shippers hold their breath
The supply chain ripples from the US east and Gulf coast port strike have largely ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
Shippers are becoming increasingly impacted by the continueing truckers’ strike at Port Metro Vancouver, now into its third week. Last week, GCT Global Container Terminals announced that its Canadian subsidiary, TSI Terminals Systems, had issued a force majeure, meaning it was unable to serve customers. While things had started to look up on Thursday as the port and provincial and federal governments issued a 14-point plan, truckers raised concerns, indicating that the strike could continue. A union leader said the proposal was full of “glaring holes”. Ending the strike is a top priority for the port, with only 15% of the normal volume of trucked containers being shipped and both shippers and box lines shifting business elsewhere. Canada’s mill and lumber business is also suffering.
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