As the strike continues, the recent announcement from the U.S. White House indicates support for the ILA, leading to a prolonged conflict. Unless USMX concedes to the ILA’s demands, we’re likely looking at weeks of disruption instead of days.
Here’s a summary of the latest developments in the shipping industry:
| Carrier | Announcement |
|---|---|
| MSC | 🚢 Emergency Operation Surcharge (EOS) increases to $2500/40’ from Nov. 1st (up from $1500). 💲 New Peak Season Surcharge (PSS) of $2000/40’ from Nov. 1st (up from $1000). |
| CMA CGM | ⚠️ Declared force majeure; invoking Term 10 of Bill of Lading. Additional operational costs due to the strike may be charged to cargo in transit as of October 1st. Local Port Charge (LPC) applies for cargo received from October 11th onwards. |
| ONE | ⚠️ Also declared force majeure; rights reserved under Bill of Lading Terms. 🚢 Updated cargo destinations on AL5 Eur-America service. |
| HMM | 💰 Announced a $3000/40’ General Rate Increase (GRI) for TP Eastbound to the US and Canada, effective Nov. 1st. |
| Montreal Terminals | 🔄 The strike at Maisonneuve and Viau terminals is expected to last until October 3rd at 06:59 AM. Other terminals continue normal operations. |
Looking Ahead: The ripple effects from the strike will likely lead to congestion in Central American hubs. There will be a sharp decline in export capacity from regions like Europe and South America. This could result in significant delays and congestion as local cargo heads to U.S. ports without vessels available for pickup. 🌎⚓
Stay informed and prepared! If you have any questions or need assistance navigating these challenges, feel free to reach out. Your logistics success is our priority! 💼✈️
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