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Analysis: Why Upcoming ILWU Contract Negotiations are Making Importers Uneasy

MTS Logistics

It was initially established in 1937 after a strike that started in 1934 and the union has a contract with the Pacific Maritime Association that covers 29 container ports and 15,000 dockworkers. So, there is definitely a valid reason why the ILWU is resisting so much against automation over the last two decades.

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2023 Expectations for Ocean Shipping and the Broader Shipping Industry

MTS Logistics

The definition of normalization is difficult to come by. A lot can happen throughout the year, but I have listed our biggest predictions for ocean shipping and the broader shipping industry in 2023 below. This is in parallel with overall expectations from other industries, as the status quo will be the same for many different sectors.

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Supply Chain Industry Fears for 2023

Logistics Business Magazine

Container xChange has released a Container LogTech predictions report for 2023, which highlights important global trends that the shipping and supply chain industry will witness in 2023. Two, almost three exceptional years for carriers are definitely coming to an end. The overall outlook for the year 2023 remains gloomy.

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Ocean Freight Contract Season: An Overview and Key Components

MTS Logistics

Important Components of Contracts for Ocean Freight The negotiation of rates and prices is a fundamental component of maritime freight contracts. ” He then added, “Right now, it’s definitely not the preferred option.” So as soon as they expire, shippers may need to ship all that product on the spot market.

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Progress Has Been Made on U.S. West Coast Port Labor Negotiations

MTS Logistics

West Coast dockworkers, has advised that they have reached a tentative agreement with the Pacific Maritime Association (PMA) which represents the shipping lines and terminal operators, on certain key issues. The negotiations will continue until they reach a definitive pact. The negotiations cover 29 U.S.

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3 Ways the U.S. Government is Getting Further Involved in Shipping

MTS Logistics

government is pursuing a path towards further regulations of the shipping industry and the supply chain at-large. Taken together, all of these developments may have consequential effects on the industry over the long-term. Once passed, it will be the biggest overhaul of shipping industry regulations in over twenty years.

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Regulation Blowback: How Governments are Pushing Back Against Carriers

MTS Logistics

For years, various parties in the logistics industry warned that ocean carrier consolidation, combined with vessel-sharing agreements would tilt the playing field against shippers. Many argue that ocean carriers are the definition of an oligopoly. commission open an investigation into the industry.