West Coast Labor, Ocean Freight Rates, Dry Panama Canal, Shift to East Coast & Suez Canal Rate Hike

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Supplychain Crisis 2.0

What's Going on With Shipping?
June 3, 2023

In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - discusses the potential of a new Supplychain crisis brought upon by a breakdown in US West Coast labor negotiations, low water levels in the Panama Canal, the shift of cargo from the West Coast to the East/Gulf Coast, tension between the International Longshore & Warehouse Union and the Pacific Maritime Association, and the increase cost to use the Suez Canal.

#supplychain #westcoast #ilwu #PMA #labor #containership #panamacanal #suezcanal #inflation

Support What's Going on With Shipping via:
Patreon: www.patreon.com/wgowshipping
Twitter: @mercoglianos
Facebook: @wgowshipping
Email: mercoglianosal@gmail.com

00:00 Introduction
02:58 Long-Term Shipping Rates Slump
04:54 Profits for Ocean Shipping Lines
07:00 Dry Panama Canal
10:58 Cargo Shifting From West Coast to East/Gulf Coast US
14:45 Tensions Boil Over In West Coast Labor Talks
17:06 Who is the Pacific Maritime Association?
19:04 Suez Canal Increases Tolls
19:31 Will There Be a Supplychain Crisis 2.0?

Container Shipping Industry Faces Unprecedented Slump in Long-Term Rates
https://gcaptain.com/container-shipping-industry-faces-unprecedented-slump-in-long-term-rates/

Freightos Baltic Index (FBX): Global Container Freight Index
https://fbx.freightos.com/

Container Shipping Sector First Quarter 2023
https://capitallinkshipping.com/wp-content/uploads/2023/05/1Q23-Container-Shipping-Sector-Quarterly-Results.pdf

https://capitallinkshipping.com/wp-content/uploads/2023/05/1Q23-Container-Shipping-Sector-Quarterly-Results.pdf
https://gcaptain.com/the-feds-inflation-fight-faces-a-new-challenge-a-dry-panama-canal/

Container Evolution
https://i0.wp.com/transportgeography.org/wp-content/uploads/containerships_evolution2.png?resize=961%2C1024&ssl=1

Gatun Water Indicators
https://evtms-rpts.pancanal.com/eng/h2o/GatunWaterIndicators.pdf

West Coast Ports Losing 1 Million TEUs Per Year to Eastward Import Shift
https://gcaptain.com/west-coast-ports-have-lost-1-million-teus-to-eastward-import-shift/

The McCown Report - Top 10 US Ports April 2023
https://capitallinkshipping.com/wp-content/uploads/2023/05/Monthly-Container-Volume-April-2023_compressed.pdf

Tensions Boil Over In West Coast Labor Talks
https://gcaptain.com/tensions-boil-over-in-west-coast-labor-talks/

ILWU June 2, 2023 Statement
https://www.ilwu13.com/resources/all-categories/654-06-02-23-ilwu-local-13-statement/viewdocument/654

Pacific Maritime Association: Who We Are?
https://www.pmanet.org/who-we-are/#board-of-directors

Pacific Maritime Association: Membership
https://www.pmanet.org/wp-content/uploads/2022/08/Membership_List_2022.pdf

Suez Canal Increases Toll Surcharges for Ships
https://gcaptain.com/suez-canal-increases-toll-surcharges-for-ships/
Category
ATLANTIC ROAD
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