US Port Strike Avoided At The Eleventh Hour
Just as the shipping industry was getting ready for the doom and gloom of a January US port strike, negotiations between the ILA and USMX unexpectedly took a positive turn and finally reached an agreement. The two sides have agreed a tentative deal on all outstanding issues for a six-year master contract. Port workers will […]
Hong Kong: A Tale Of Two Cargo Ports
Hong Kong’s port and airport has long been a gateway to China for British traders and the west, but while one continues to lead the way, the other has fallen down the pecking order. Hong Kong International remains the world’s busiest cargo airport and recently celebrated the launch of its much-awaited three-runway system and […]
Trump Picks His Side In US Port Dispute
The risk of a port strike on the US East and Gulf Coasts next month continues with Donald Trump now coming down heavily on the side of the union. Commenting through social media last week, President-elect Trump said that the money that could be saved by port automation “is nowhere near the distress, hurt and […]
Ocean Freight Set For Major Changes In February
Ocean freight carriers are about to receive their biggest shake-up in a decade as a brand new alliance structure gets underway from February 1st. Most notably, we will see the end of the 2M alliance, Hapag Lloyd leave its current alliance to join Maersk in a newly formed partnership, and THE Alliance being renamed as […]
New UK Trade Agreement Going Live This Month
The UK joined eleven other countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) last year, which finally goes live from December 15th 2024. The other members of the new trade agreement include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The scheme can be applied for imports […]
Trump Targets Mexico, Canada and China With Tariffs
Incoming US President, Donald Trump, has confirmed tariff hikes for Mexico, Canada and China as one of his first executive orders in January. Shortly after he takes up office on January 20th, he will be imposing a 25% tariff on all Mexican and Canadian products and an increase of 10% on Chinese products, according to […]
US Port Strike : Talks Break Down Again
Talks to avoid a continuation of the US East and Gulf Coast port strike have broken down, while the port strikes in Canada, which have been heavily disrupting logistics in the country, have come to an end. USA The likelihood of a continuation of October’s US East and Gulf Coast port strike has increased in […]
Tariff Uncertainty For Global Leaders
After a much publicised election campaign, Donald Trump will take over as the new US president on January 20th and countries around the world wait to see what happens with import tariffs. Trump has frequently stated he will impose tariff hikes of up to 60% from China and 10-20% from the rest of the world, […]
Disruption Throughout Canada Due To Port Strikes
Ocean and rail freight movements to, from and through Canada are currently being disrupted by a series of port strikes which have affected operations at all ports. The Port of Montreal is the most impacted, where indefinite strike action started at two of its terminals on October 31st. The port had already experienced delays, with […]
China’s Interest In The US Election Result
The US presidential election campaign should be concluded next week, when the majority of voters go to the polls to choose between former President Donald Trump and Vice-President Kamala Harris as their next president on Tuesday 5th November. According to polls, the contest is incredibly close, with a poll of polls suggesting Harris has a […]
