In recent weeks, the possibility of a dockworkers’ strike on the West Coast had many industries bracing for significant supply chain disruptions. However, a recent development has brought a temporary reprieve: the strike has been suspended after an agreement was reached between the International Longshore and Warehouse Union (ILWU) and port operators. This deal, while providing immediate relief, leaves questions about long-term stability unresolved, keeping … Read More
Rate Increases Expected Due to Potential East Coast Strikes
With the looming threat of labor unrest on the U.S. East Coast and Gulf Coast, the shipping industry is bracing for significant rate increases. Several major carriers, including Evergreen, HMM, CMA CGM, Maersk, and Yang Ming, have issued announcements about impending surcharges designed to mitigate the operational disruptions expected if strikes or other labor-related slowdowns materialize. These rate hikes, set to take effect in mid-to-late … Read More