As global trade dynamics shift amid economic changes and infrastructural developments, stakeholders are keen to understand the future of freight markets. This article provides a concise analysis of the air and ocean freight markets for key Asian trade lanes, offering forecasts for the remainder of...
Hopes for a swift resolution to the ongoing labor dispute at the Port of Montreal have been dashed after Canadian Minister of Labour Steven MacKinnon’s proposal for “special mediation” was rejected. The proposed mediation would have paused all pressure tactics for 90 days, allowing both...
Shippers are facing significant disruptions at Chittagong Port as transport operators began a 48-hour strike this morning, halting the movement of export and import containers. The strike, led by the Chittagong District Prime Move Trailer Workers Union, is expected to impact between 3,000 and 4,000...
On October 15th, a key meeting took place with the Honourable Steven MacKinnon, Canada's Minister of Labour, regarding the ongoing labor dispute between the Maritime Employers Association (MEA) and the Montreal Longshoremen's Union. Both parties were present for discussions aimed at advancing negotiations. During the meeting,...
In the aftermath of Hurricane Milton, ten ports, including key commercial hubs Port Tampa Bay and SeaPort Manatee along Florida’s Gulf Coast, remained closed on Thursday. The U.S. Coast Guard set port condition “Zulu” on Tuesday, halting commercial vessel traffic at these locations. Port Tampa Bay...
The Port of Montreal is currently experiencing a partial, indefinite strike, during which longshoremen will not be working overtime. While all terminals remain operational, the absence of overtime could lead to processing delays and a backlog of containers awaiting handling. Approximately ten ships scheduled to...
Please be advised that the Longshoremen's Union of the Port of Montreal (CUPE 375) has filed a notice of overtime strike with the Maritime Employers Association (MEA). The strike will begin at 7 a.m. on Thursday, October 10, 2024, and will last indefinitely. All Port of...
Labor tensions are escalating at the Port of Montreal as the Longshoremen's Union plans to issue a strike notice on October 10, although the strike itself will not begin on that date. This follows a recent three-day strike that disrupted operations at two terminals. The...
After days of disruption, the United States Maritime Alliance (USMX) and the International Longshoremen's Association (ILA) have reached a tentative agreement on wages, bringing the port strike to an end. The ports on the US East and Gulf coasts reopened this morning, with work resuming...
As the US East and Gulf coast port strike enters its third day, container supply chain analysts are beginning to assess the growing impact on global shipping capacity. Sea-Intelligence Consulting estimates that around 60 vessels and approximately 775,000 teu (twenty-foot equivalent units) of capacity could...
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