ILA port strike ends, dockworkers return to work

The Union representing over 45,000 striking dockworkers agreed to a deal to suspend strike activity until January 15, 2025.  It is expected that this extension will allow the USMX and ILA an opportunity to negotiate and ratify a new agreement without overhanging labour disruptions.

Backlog

Ports previously on strike handle approximately 56% of containerised imports and 68% of containerised exports to and from the US.

At the time of this writing, at least 50 containerships have been recorded as being anchored at offshore locations, unable to berth at any of the three dozen ports affected by the ILA strike.

Beginning today, these vessels will begin to berth in the order they arrived.

The backlog and subsequent congestion are expected to be a factor for at least the remainder of the month.

Force Majeure

A number of carriers, including CMA-CGM, ONE Lines, and HYMM, have declared force majeure. This announcement does not include defined plans for cargo en route or in transit but placemarks and validates the action should the decision to terminate cargo at alternate discharge locations be reached.

We are working closely with carrier lines on possibly affected cargo with the intent to have all bookings completed to their original final destination.

We thank you for your patience and understanding of the situation, and we will keep in close dialogue with you.

If you have any immediate concerns or require additional information, please contact your Sales Representative or any member of our Ocean Product Team.