US East Coast strike risk could mean more spikes in freight rates

There is a real risk of labour disruptions in US East Coast ports, given the breakdown in negotiations between the union and the terminals in June, according to Baltic Exchange’s latest container shipping report.

Writing in the report, Vespucci Maritime CEO Lars Jensen said any strike in US East Coast ports will dramatically worsen the global supply/demand dynamics as it will create significant port congestion and vessel delays.

Jensen noted that when Ever Given got stuck in the Suez Canal, this...

https://container-news.com/us-east-coast-strike-risk-could-mean-more-spikes-in-freight-rates/

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