The logistics landscape in Vietnam and across Asia is rapidly evolving, fueled by a mix of economic growth, technological advancements, and shifting supply chain demands. Below are some in-depth insights into these changes and their implications: Vietnam’s Expanding Logistics Sector and Its Hurdles Vietnam’s logistics industry is on a growth trajectory, driven…
The container shipping industry has experienced notable fluctuations in stock performance over the past week, reflecting the sector’s inherent volatility. As various companies navigate shifting market dynamics, investors are keenly observing the trends that emerge during this period. This article provides a summary of the recent stock performance of key players in the container shipping…
The North American freight market is experiencing its third major event in two weeks’ time. Hurricane Milton is expected to make landfall in the Tampa, Florida, area as a major Category 3 storm with maximum sustained winds around 125 mph. The storm surge is expected to be more like that of a Category 4 or…
The ILA port worker strike ended last Thursday after the union accepted the USMX offer of a 62% wage increase over the next six years, and agreed to extend the expired contract until a January 15th deadline to resolve the remaining sticking points, with the role of port automation chief among them. Some speculate…
The ILA port worker strike ended on 3 October, after the union accepted a 62% wage increase over the next six years, and agreed to extend the expired contract until a January 15th deadline to resolve the remaining sticking points, with the role of port automation chief among them. Operations The end of the strike…
The port workers’ strike on the United States East Coast comes to an end after the agreement between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX). The two bodies have reached a tentative agreement on wages and have agreed to extend the Master Contract until 15 January 2025. In January, they…
The International Longshoremen’s Association (ILA) has today (10 October) gone ahead with strike action at US ports from Maine to Texas and accused ocean container carriers of ‘gouging customers’. The ILA confirmed the strike in an announcement yesterday, Monday, while at the same time claiming ocean container carriers are now charging US$30,000 per container in…
As the dockers on the US East Coast start their industrial action, there are conflicting reports on the effects on supply chains caused by the work stoppage, ranging from higher rates to widespread backlogs and congestion. Hong Kong consultancy Linerlytica has warned that the shipping lines have not done enough to mitigate the potential…
Port Houston handled 367,653 TEUs in August, representing a 20% year-on-year growth. Over the first eight months of the year, the US port has moved 2,791,127 TEUs, translating to an 11% increase over the same period in 2023. With this pace, Port Houston is on track for another record year. “These volumes reflect the Port…
The Port of Los Angeles handled 960,597 TEUs in August, marking a 16% increase compared to the same month last year. This made it the busiest non-pandemic month in the port’s history. By the end of August 2024, the Californian port is tracking 17% ahead of its 2023 performance, having already moved nearly a…