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 Hope increase travel times affecting the number of container available for new shipments. Vessel wait times at congested ports further exacerbate the problem leading to port omissions and rolling pools.
LABOR UNREST: U.S. EAST COASTÂ
Contract negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) halted on June 10 due to allegations the USMX began using automated systems without ILA labor. Shippers have begun placing orders earlier than typical for the season to avoid potential delays should the ILA enact labor action. Carriers
PORT OF BALTIMORE OPERATIONS UPDATE
On June 10, 2024, the main shipping channel into Baltimore’s port has fully reopened to its original depth and width following the March 26 collapse of the Francis Scott Key Bridge, which blocked most maritime traffic into the harbor. It comes after a massive cleanup effort as crews removed an estimated 50,000 tons of steel and concrete from the Patapsco River.
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