Supply Chains Expected to Take Weeks to Recover After U.S. Port Strike
Strike action at ports on the U.S. East and Gulf Coasts ended on Thursday, after a new wage agreement was reached – but a backlog of more than 40 ships waiting to offload cargo means the pain is not yet over.
Ocean Carrier Cocktail Leaving a Sour Taste in Shippers’ Mouths
The ocean carrier cocktail is back and it packs a punch. Two parts canceled sailings that spice up spot rates, coupled with a stiff pour of general rate increases, leaves shippers with a dull headache and a thinner wallet.
A ‘Carrier-Controlled Market’ as Spot Rates Rise and Capacity Tightens
“You take away all sense and rationale. And whatever is left, is the container shipping market,” said Peter Sand, Xeneta’s chief analyst, on Friday.
