After nearly half a century, there is a large-scale strike at the USA docks again. How will the freight rates on the USA routes develop?
①On the early morning of October 1st local time in the usa, ILA officially announced a strike; ②The industry believes that changes in freight rates may be reflected after the holiday, but there are many uncertain factors, and it is still necessary to pay attention to the subsequent negotiations between labor and management and the situation of the supply chain.
A general strike is imminent, with port employers in the USA proposing a 50% pay raise.
The United States Maritime Alliance (USMX) has announced a nearly 50% increase in dock workers' wages in an effort to resume negotiations with the International Longshoremen's Association (ILA).
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Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
usa's supply chain crisis strikes again! A major port strike is imminent, and the autos industry will be impacted.
① There is a high probability that tens of thousands of union members at ports along the East Coast of the USA and the Gulf of Mexico will go on strike starting from October 1st, affecting around 60% of the total shipping volume in the USA; ② According to experts' analysis, in terms of exports in the USA, the most affected commodity is plastics resin, while in terms of imports, the industry most affected is the automotive industry, especially considering that auto parts are important import products for the USA.
Is the East Coast port strike about to explode? Shipping companies are adding fees to cope, causing a sharp increase in Maersk's stock price.
①Maersk B-shares traded in Denmark rose nearly 4.9% at one point, reaching the highest level since August 2, with a cumulative increase of nearly 20% in the past two weeks; ②Maersk stated that even if the trade unions in the usa only lasted one week, it could still have a huge impact on the supply chain, causing four to six weeks of interruption.