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Industry News

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Industry News

  • West Coast Port’s Labor Negotiations Suspended Until June 1 May 26, 2022
    Ongoing negotiations between the International Longshore and Warehouse Union (ILWU) and West Coast waterfront employers, represented by the Pacific Maritime Association (PMA), have been suspended until June 1, 2022. The current labor contracts of nearly 22,000 workers are set to expire on July 1, 2022. These labor negotiations cover 29 ports along the West Coast which cumulatively make up approximately 9% of the country’s ...
  • China Locks Down Shenzhen and Jilin Province March 14, 2022
    China locked down Shenzhen city and Jilin province for at least a week in the latest effort to curb the omicron variant of COVID-19. Cases doubled nationwide to almost 3,400, China’s worst outbreak in two years, prompting the lockdown. Shenzhen officials have ordered more than 17 million people to stay at home starting Monday, March 14th through March 20th, after 150 new ...
  • North America Shipping Update September 7, 2021
    Shipping Overview Currently, there are 43 container vessels at anchor outside the ports of Los Angeles and Long Beach. This causes a slowdown in the circulation of ships, containers, and chassis, which in turn causes spot rates to reach record levels. When vessels are anchored off shore, they miss other scheduled departure dates, causing additional canceled sailings. Many factors contribute to the supply chain bottlenecks including port ...