Maritime

  • Port of Vancouver Avoids Disruption as Longshoremen Reach Deal

    May 31, 2019 — A lockout of longshore workers at Canada’s biggest port, the Port of Vancouver, ended in a deal on Thursday after a few hours, averting a potentially massive shipping disruption, the workers’ union and employers association said. Despite its short duration, the lockout led to lineups of trucks outside terminals and vessels being rerouted to other West Coast ports.
  • Santos port authority workers plan strike

    May 29, 2019 — Shippers are bracing for delays at the Brazilian port of Santos as workers for the port authority prepare to strike starting 7 a.m. local time Wednesday. A meeting planned for Tuesday night is expected to determine the length of the imminent strike by 1,100 workers of the Companhia Docas do Estado de São Paulo (Codesp).
  • Shock for container lines as contract rates start to fall again

    May 3, 2019 — In a significant setback for carriers hoping to improve profitability, ocean freight benchmarking platform Xeneta reported that long-term container contract rates had fallen by an average of 4.2% in April.
  • Loss-making Samudera warns of headwinds for container shipping

    May 1, 2019 — “The container shipping industry is expected to continue to face headwinds in the year ahead, ranging from rising bunker costs, to cost pressures associated with IMO’s low sulphur fuel regulations,” Samudera stated in its first quarter results announcement.