Capture of MSC Aries will further drive up Indian export costs
With heightened geopolitical tensions sparked by the Iran-Israel faceoff, Indian exporters are again staring at ...
When things go wrong in complex supply chains, where there are multitudinous independent links, problems have a habit of escalating in terms of a magnitude and intractability. Should you ever need evidence of this, simply point to what is happening at the giant US west coast container port complex of Los Angeles-Long Beach. Congestion began to rear its head in late spring, as higher-than-normal import demand appeared to be fuelled by nervous retailers hoping to avoid a repeat of the traumatic ILWU shutdown in 2002. Despite the continuing failure of unions and employers to finalise a new master contract, the current problems are a confluence of factors. “What is happening is on par with the most severe disruption the ports have seen in the past 20 years, including the 10-day 2002 lockout of the International Longshore and Warehouse Union”, writes Journal of Commerce chief content officer Peter Tirschwell.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
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Flexport is 'back on track' – now it needs to start growing again
'Slow season' and ocean network stabilisation easing pressure on rates
Hong Kong drops out of world's top 10 busiest container ports
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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