Newsletter – January 22, 2021

  • Newsletter – January 22, 2021


    British Airways’ UK cargo workers call off first three days of strike
    British Airways’ cargo handlers in the UK have called off the first three days of strike action that were due to start today.
    The handlers had been planning nine days of discontinuous strike action, but this has now been reduced to six (see updated timetable below).
    It is understood the move is down to progress in talks between Unite the union and the company. Read more here.


    Congestion on the high seas — Midday Market Update
    The Port of Los Angeles is willing to pay terminals for turning trucks quickly in order to get freight moved through the market. Currently imports far outweigh exports in the Port of LA and Micheal Vincent says this imbalance is a major efficiency killer for port operations.  Read more here.

    Could a COVID-19 surge lead to shutdowns at L.A. ports? Officials plead for dockworker vaccines
    Nearly 700 dockworkers at the twin ports of Los Angeles and Long Beach have contracted COVID-19 and hundreds more are taking virus-related leaves, raising fears of a severe slowdown in the region’s multibillion-dollar logistics economy.
    A growing longshore worker infection rate, which parallels the surge of the virus across California, is exacerbating a massive snarl at the ports due to a pandemic-induced surge in imports. Read more here.

    Cargo rollovers rose at most major box ports in December
    Many key transhipment ports and the leading container lines are continuing to see elevated levels of cargo rollovers, according to research from Ocean Insights.
    Cargo levels remain far above seasonal averages, causing further delays to cargo, which is increasingly lying stranded at the quayside. Read more here.

    Carriers face load restrictions after new container spill, from Maersk Essen
    There are calls for an urgent review of container lashing practices and stack height restrictions after another box ship lost a huge number of containers in the Pacific Ocean.
    The 13,092 teu Maersk Essen, en route from China to Los Angeles, lost approximately 750 containers on Saturday during heavy seas, confirmed the carrier. Read more here (login required).

    20pc import growth amid labour shortages and LA-LB congestion
    A 20 per cent year-on-year growth in import volumes is taking up available terminal space in the ports of Los Angeles and Long Beach, causing greater congestion, reports IHS Media. Congestion has resulted in container dwell times, ships waiting at berth, worsening delays, and terminals putting in long draining hours. Read more here.


    Montreal narrows down contractors for Contrecoeur expansion
    The Montreal Port Authority (MPA) has qualified three teams for design and construction of the Contrecoeur container terminal. Read more here.


    Manufacturing CFOs See Struggle, Slow Recovery and Silver Linings
    The vaccine rollout is bringing optimism to some quarters of the economy, but nearly three-quarters of [U.S.] middle-market manufacturers are either just getting by or struggling – and they expect their recovery to be slow, according to the latest results from a survey of chief financial officers.
    Eight-three percent of respondents to BDO’s 2021 Manufacturing CFO Outlook Survey say their business will take at least a year to recover from the pandemic.  Read more in an article from IndustryWeek.

    Retailers could burn goods stuck in EU-UK limbo
    UK retailers could abandon goods EU customers want to return, with some even considering burning them because it is less expensive than bringing them home under the new UK-EU trade rules that have applied since 1 January.
    The BBC reported that various major UK retailers and brands have a mounting volume of goods stuck with courier services in mainland Europe, with couriers and freight businesses that ship from the UK to Europe also experiencing delays to goods because of new customs and other requirements. Read more here.

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