Drewry WCI rises as industry anticipates ILA strike, policy changes
LONDON : The Drewry World Container Index (WCI) composite index increased by 2.68 per cent to $3,905 per 40-foot equivalent unit (FEU) on January 5, 2025, up from $3,803 per FEU. Shipping freight charges
SHIPPING: Union dockworkers, ports to resume negotiations ahead of 15 Jan deadline
HOUSTON : Union dockworkers and representatives for US Gulf and East Coast ports are expected to resume negotiations on a new master contract on 7 January, just more than a week ahead of the
US East Coast dockworkers, employer group to restart talks next week
WASHINGTON D.C. : The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) are set to resume contract talks on Jan. 7, according to a person familiar with the matter. Talks between
Asia-US container rates fall, but average global rates rise as possible port strike nears
HOUSTON : Rates for shipping containers from east Asia and China to the US were flat to softer in the last week while global average rates rose by 6%, but the looming strike at
Asia-US container rates fall further; trend expected to continue post-ILA strike
HOUSTON : Rates for shipping containers from east Asia and China to the US continued to fall after a lengthy strike was averted at US Gulf and East Coast ports and as peak season
U.S. East Coast Dockworkers’ Strike – Key Insights for Container Traders and Leasing Companies
NEW YORK : At 12:01 a.m. on October 01, 2024, the International Longshoremen’s Association (ILA) initiated a strike that has led to the closure of U.S. East Coast and Gulf Coast ports, disrupting the
Thousands of dockworkers shut down US east coast ports in major strike
NEW JERSEY : Tens of thousands of dockworkers have gone on strike across the US East Coast, shutting down key ocean shipping routes – and raising concerns about shortages and inflation – in the
Struggle underway to unload ships, remove cargo from ports amid US East and Gulf Coast Port strike
NEW YORK : A crippling strike at US East and Gulf coast ports is just hours away, spurring a last-minute race to get as many containers off ships and onto terminals as possible, and