2024-09-30
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as the countdown to the dock workers' strike on the east coast of the united states enters, shipping companies such as maersk, hapag-lloyd, and cma cgm have issued the latest warnings and announced that they will impose various port disruption surcharges.
the latest situation shows that the international longshoremen's association (ila), which represents dockworkers in the eastern united states, said that unless port operators agree to significantly increase wages and limit automation, the association plans to hold a strike on tuesday (october 1), u.s. time.
roger, who has been engaged in u.s. line transportation for many years in california, told china business news that unless a "miracle happens" in recent days, the strike at the u.s. east port will indeed happen.
roger explained that the commonly known east coast actually stands for "east coast and the gulf of mexico", that is, the docks from boston in the north to houston in the south will be affected. the east coast ink bay terminal handles approximately 500,000 20-footers per week. containers (teu), the impact of the strike is indeed huge.
he explained to reporters that the white house is currently in a dilemma: "not allowing a strike will offend the unions, while a strike will offend voters, and it will also provide the republican party with an excuse to attack itself."
an analysis report by jpmorgan chase estimates that the strike will lead to the closure of u.s. east coast ports, which handle about half of the u.s.’s container imports every day, including food, medicine, consumer electronics and clothing, which will cause harm to the u.s. economy. $5 billion in losses. u.s. businesses and officials worry that the shutdown could drive up prices ahead of the holiday shopping season.
the reason is that any port congestion has the potential to limit the supply of ships and raise the prices shipowners charge customers, ultimately driving up costs for u.s. consumers.