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North American shippers currently face a storm of challenges that threaten to reshape trade flows and logistics costs on both sides of the Atlantic, with escalating port labour unrest and potential tariff hikes after the election of President Donald Trump. One
The global sea freight market is navigating turbulent waters as 2024 draws to a close, with recent months marked by capacity miscalculations, strikes, and geopolitical tensions. Carriers have struggled with overcapacity on major routes, particularly on Asia-North America lanes, where near-record
The International Longshoremen’s Association (ILA) is facing a critical juncture as its current contract with maritime employers, represented by the United States Maritime Alliance (USMX), is set to expire on September 30, 2024. With only 80 days remaining, negotiations have
The US Federal Maritime Commission (FMC) has delayed the approval of the Gemini Cooperation, an operational partnership between Maersk and Hapag-Lloyd, pending further information from the two carriers. The FMC move, announced on July 12, comes as the commission seeks
With the labour contract negotiations for 45,000 dockworkers along the US East Coast cancelled by the International Longshoremen’s Association (ILA), industrial action is more likely, as it is on the Canadian railways, while German port workers have already commenced strike
Asia’s export trades are as challenging today as they were during the pandemic, with extremely tight vessel space, equipment shortages, and port congestion leading to a surge in spot rates, which analysts forecast could reach stratospheric levels. Vessel schedule reliability from
Gemini Cooperation partners Maersk and Hapag-Lloyd plan to deliver massively improved schedule reliability levels of 95% after they launch next year, but they will likely face challenges in attempting to do so. The Gemini Cooperation partners believe that if they can
Research by the British Chambers of Commerce (BCC) has found that the Red Sea disruption has increased costs and created delays for over half of British importing manufacturers and retailers (53%), with over 55% of exporters also experiencing increased costs
Despite assumptions that OCEAN Alliance members might decide their current setup is not fit for purpose and split to form a new partnership, they took the market by surprise by extending operational cooperation for at least another five years. CMA CGM,
The current Red Sea instability has shifted the market balance – albeit temporarily – in the carriers’ favour, but it also raises questions about the binary balance of power between carriers and shippers. This disruption is different from those preceding it,
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