Bottleneck from U.S. Port Drama Pushes up Global Freight Rates

By Henning Gloystein SINGAPORE, Feb 16 (Reuters) - A U.S. West Coast port strike is pushing up shipping freight rates as delays in offloading and taking on new cargo mean container ships are unavailable for new orders. Dozens of container ships are lying in wait off the large U.S. West Coast ports of Los Angeles, San Francisco and San Diego. Many of them have been waiting … [Read more...]

Canada Ports Win as Container Ships Divert on Labor Concern

By Christopher Donville and Frederic Tomesco Aug. 27 (Bloomberg) -- Prince Rupert, a remote port luring tourists with the slogan “Where Canada’s Wilderness Begins,” may want to consider a new motto: “Asia’s Gateway to Chicago.” Container ships sailing across the northern Pacific are carrying more cargo and are setting course for British Columbia to avoid delays from a … [Read more...]

Costly Shutdown Threatening West Coast Ports Spurs Talks

By Alison Vekshin and James Nash July 1 (Bloomberg) -- Twelve years after a labor dispute closed West Coast ports and cost the U.S. economy $1 billion a day, negotiators on both sides want to avoid a repeat that could be twice as expensive. Talks between the International Longshore and Warehouse Union and the Pacific Maritime Association may go on for weeks without any … [Read more...]

Longshoremen Contract Talks Threaten U.S. West Coast Ports

By Mark Niquette June 23 (Bloomberg) -- Business groups are urging longshoremen and their employers to avoid a dispute that could cripple ports along the West Coast and affect billions of dollars in commerce. A six-year pact between the Pacific Maritime Association and the International Longshore and Warehouse Union, which represents about 20,000 dock workers at 29 West … [Read more...]

Dock Workers Reach Tentative Deal At NY, NJ Ports

By Hilary Russ March 7 (Reuters) - Longshoremen in New York and New Jersey, who handle shipments at the largest port on the U.S. East Coast, have reached a tentative six-year labor agreement with the New York Shippers Association, both sides said on Thursday. The negotiations ended with a deal just before a Friday deadline. A spokesman for the International Longshoremen's … [Read more...]