It is understood that the International Longshoremen's Association (ILA) will revise its final contract requirements next month and prepare for a strike in early October for its US East Coast and Gulf Coast port workers.
If the US East Coast ports’ workers start to strike, it will bring huge challenges to the supply chain.
It is understood that US retailers are placing orders overseas in advance to cope with increasing shipping disruptions, rising freight rates and imminent geopolitical risks.
Due to the restricted passage of the Panama Canal due to drought, the continued Red Sea crisis, and the possible strike of workers at ports on the US East Coast and Gulf Coast, supply chain managers see warning signs flashing around the world, which forces them to prepare in advance.
Since late spring, the number of imported containers arriving at US ports has been far higher than usual. This marks the early arrival of the peak shipping season that lasts until autumn every year.
It is reported that several shipping companies announced that they would increase the freight rate of each 40-foot container by US$1,000, effective from August 15, in order to curb the downward trend of freight rates in the past three weeks.
In addition to the unstable freight rates in the United States, it is also worth noting that the shipping space from China to Australia has been seriously overloaded recently, and the price has risen sharply, so it is recommended that Australian importers who need to import from China recently arrange shipments as soon as possible.
Generally speaking, shipping companies will update the freight rates every half a month. Senghor Logistics will inform customers in a timely manner after receiving the updated freight rates, and can also make advance solutions if customers have shipping plans in the near future. If you have clear cargo information and shipping needs now, please feel free to send a message to inquire, and we will provide you with the latest and most accurate freight rates for your reference.
Post time: Aug-08-2024
