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Port Strikes in the U.S., Canada, and Mexico!
Breaking News! From September 30 to October 3, until 7:00 a.m., nearly half of the container terminals at the Port of Montreal, Canada, will be closed due to a planned strike by the Longshoremen’s Association. The strike will affect two of the port’s five container terminals, Viau and Maisonneuve, which together account for 41% of Montreal’s container throughput. This strike could coincide with planned strikes by longshoremen on the U.S. East Coast and Gulf Coast, expected to begin on October 1. If this happens, it would mark the first all-coast strike in these regions since 1977. Customers on the U.S. East Coast will have no alternative ports or routes available for docking.
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East Coast Port Strike Could Disrupt Supply Chains Until 2025
The ripple effects of a strike by dockworkers on the U.S. East Coast and Gulf Coast are expected to cause severe disruptions in supply chains, potentially reshaping the container shipping market through 2025.
Analysts warn that government intervention may be necessary to avoid significant economic losses. If no new agreement is reached by the expiration of the current contract on September 30, 36 ports are poised to halt operations completely. According to Peter Sand, Chief Analyst at Xeneta, billions of dollars’ worth of cargo is currently en route to U.S. and Gulf Coast ports, and these ships may not be able to return or reroute to the U.S. West Coast. Some vessels may choose to divert to Canadian or even Mexican East Coast ports, but most will likely remain anchored outside the affected ports until workers return to their duties.
Peter emphasized that the consequences could be severe, not only causing congestion at U.S. ports but also forcing ships to delay their return to the Far East for their next voyage. Even a one-week strike would impact ship schedules from the Far East to the U.S. for late December and all of January. Given that over 40% of container cargo enters the U.S. through East Coast and Gulf ports, the impact of the strike would be enormous, severely damaging the U.S. economy.
Last week, 177 industry associations called for both parties to resume negotiations immediately, viewing government intervention as crucial in preventing the harmful effects of port strikes on the supply chain and the economy.
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