GLOBAL SUPPLY CHAIN NEWS: WEEK 26 Including capacity constraints, labor unrest, and the Port of Baltimore reopening following the Francis Scott Key Bridge collapse in March. TIGHT CAPACITY AND PORT CONGESTION The Red Sea crisis and container shortages continue to impact capacity. Vessel diversions around the Cape of Good [...]
In Week 25, we continue to see capacity constraints, labor unrest, and equipment shortages strain the global supply chain. Building supply chain resistance into your logistics program will help mitigate or minimize shipping delays and inventory shortages. GLOBAL SUPPLY CHAIN NEWS: WEEK 25 LABOR UNREST: CANADA WEST COAST, U.S. [...]
Capacity constraints, labor unrest, and potential labor unrest pose challenges to the global supply chain as we move through Week 24. LABOR UNREST: CANADA WEST COAST, U.S. EAST & GULF COASTS In the U.S., the International Longshormen’s Association (ILA) suspended labor talks with the United States Maritime Alliance (USMX). [...]
Week 23 ushers in an early start to seasonal demand, vessel congestion woes in some U.S. ports, and increased blank sailings/port omissions. VESSEL CONGESTION GROWS: PORTS OF CHARLESTON & SAVANNAH South Carolina ports - notably Charleston- halted operations from May 19 - 21, 2024 due to software issues. Lingering [...]
Week 22 sees a reopened Port of Baltimore, backlog at the Port of Charleston, and some improvement at the Panama Canal. PORT OF BALTIMORE The Port Authority of Baltimore opened a 50’ deep Fort McHenry Limited Access Channel to commercial vessel traffic. Bookings to the Port are now open [...]
In Week 21, we find the global supply chain responding to newly announced Section 301 tariffs on, ongoing port congestion in China, and strides at the Port of Baltimore to reopen for container vessel traffic by the end of May. SECTION 301 TARIFFS Following the in-depth review by the [...]
Week 20 brings good some news for the global supply chain. The Port of Baltimore expects to reopen for container freight sooner than expected and the potential labor strike in Canada is postponed until further notice. However, ongoing challenges with equipment shortages and inclement weather have led to heavy [...]
In this Week 19 Freight Market Update, we explore the impact of a potential labor strike in Canada, the Paris Olympics, and Key Bridge responses to supply chain delays along with the slight relief rainy season has brought to Panama Canal operations. PARIS OLYMPICS 2024 The upcoming Olympic and [...]
Green Worldwide Shipping’s Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com. As Green continues to monitor international shipping [...]
The Week 17 Freight Market Update finds ongoing challenges with the global supply chain. Forecasts predict an increase in water levels for the Panama Canal water system in the coming weeks. FINLAND LABOR STRIKE Several labor unions went on strike at port across Finland this month. The unions have [...]
