Another port strike! Shipping companies are raising prices one after another!
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The port strike on the East Coast of the United States has just ended, and longshoremen at the Port of Montreal in Canada The labor union immediately announced an overtime strike notice and will continue the strike indefinitely starting at 7 a.m. on October 10.
At the same time, shipping companies are also pushing for higher rates on transatlantic routes.
Not long ago, two major dock workers at the Port of Montreal went on strike for three days, causing dock operations to be disrupted.
On September 27, the union representing the dock workers of the Port of Montreal issued a 72-hour strike notice. The dock workers held a three-day strike at the Viau and Maisonneuve terminals owned by the Port of Montreal starting at 7 a.m. on September 30, affecting the port. About 41% of the port's container traffic is.
"Indefinite strike" means that the strike will continue until the two parties reach a settlement or the government intervenes. The impact of this strike on port operations and supply chains is huge. During the strike, cargo handling, berthing services, etc. at the port terminal will be suspended. , resulting in obstruction of the import and export flow of goods. In addition, shipping companies will also change the routes of certain ships, thereby increasing business costs, which may ultimately lead to higher consumer costs.
The Maritime Employers Association of Canada called for the strike notice to be withdrawn after the union announced its members would stop working overtime, calling it a "pressure tactic."
The Maritime Employers Association of Canada has warned that a complete halt to overtime would have a significant negative impact on watchkeeping teams and the performance of their port operations. It also stated that employees participating in the strike will not be paid, which indicates that the labor dispute between the two parties is gradually escalating.
The Canadian Maritime Employers Association explained: “Considering that the strike will cause the port to slow down or even stop operations, which will have serious consequences for the port and the social economy, this measure is necessary.” According to the Wall Street Journal, in the latest In the worst case, overtime strikes could lead to port closures.
It is understood that since December last year, negotiations between 1,200 dockworkers represented by the Montreal Port Dockworkers Union and management have been unable to reach a consensus. The disagreement centered on the establishment of dock workers' duty schedules. According to the Longshoremen's Association, some workers want a better work-life balance.
The Montreal Port Authority said that this long delay and repeated labor disputes have affected the economy of Quebec and Canada, and the resulting significant decline in freight volume at the Port of Montreal has brought serious financial challenges to the Port of Montreal Authority.
Meanwhile, on the transatlantic trade, several shipping lines announced increases in surcharges.
· Maersk will impose a peak season surcharge (PSS) of US,000 on cargo from Europe and the Eastern Mediterranean to Canada from October 23.
· CMA CGM will impose peak season surcharges of US0/TEU and US0/FEU on cargo from Northern Europe to the east coast of Canada from October 15.
From November 2, the French carrier will implement an additional PSS of 0/TEU for cargo from Northern Europe, the Mediterranean, the Adriatic Sea, the Black Sea and North Africa to the east coast of Canada, the United States and the east coast of Mexico. USD 1,000/FEU.
· MSC will increase its PSS from November 1 until further notice to USD 1,100/TEU and USD 2,200/FEU from the Western Mediterranean and Adriatic to the United States, Puerto Rico, the Bahamas, Canada and Mexico.
From Israel to these destinations, PSS will be charged at USD 750/TEU and USD 1,500/FEU.
