End of Strikes at US Ports
We would like to inform you that US dock workers and port operators have reached a deal that will immediately end a crippling three-day strike that has shut down shipping on the US East Coast and Gulf Coast. Dockworkers are expected to return to work as early as October 4.
The International Longshoremen’s Association (ILA) representing over 45,000 striking dockworkers has agreed to a deal to suspend strike activity until January 15, 2025. It is expected that this extension will provide an opportunity to negotiate and ratify a new, sustainable agreement without further disruptions.
What does this mean?
Please be aware that international supply chains will continue to struggle with disruptions that have increased operating costs and resulted in additional carrier surcharges. In addition, carriers had officially announced “Force Majeure”. Unfortunately, this means that additional costs caused by possible backlogs will have to be passed on to our customers.
At this time, at least 50 container ships have been recorded as being anchored at offshore locations, unable to berth at any of the three dozen ports affected by the ILA strike. The backlog and subsequent congestion are expected to continue at least until the end of the month.
Finally, we would like to point out that the situation is constantly evolving and we will, of course, continue to monitor developments closely.
If you have any questions or need assistance in navigating this challenging situation, please don’t hesitate to reach out. Our local teams are ready to provide you with updated information regarding your shipments.
We appreciate your understanding and continued trust in cargo-partner.
Cargo insurance can help in case of accident
Insure yourself against risks related to transporting cargo and protect your goods with cargo insurance. This covers not only damage/loss with respect to goods (as in accordance with terms of the policy), but is also applicable in cases of “Havarie Grosse”.*
cargo-partner’s freight insurance policies can insure your merchandise for up to 130% of its value and cover additional costs (e.g. carrying costs). Our Sea Cargo team would be happy to provide you with more detailed information.
* If a ship, with its cargo, is in distress at sea or endangered by fire or a lightning strike and is rescued alongside its cargo, then the cost of said rescue of ship and cargo is split proportionally amongst the goods’ owners and the ship’s owner according to the cost of the goods being transported. Even if the goods arrive undamaged.
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