the outbreak of a large-scale strike at the British port of Phoenix, or the 0.8 billion dollar trade is facing disruption
port of Felixstow, offered the union a pay rise of up to 7 percent, but the union was not satisfied, saying it was significantly below the current rate of inflation. Negotiations to try to avert a strike failed.
, is Britain's largest container port,also.is one of the largest ports in Europe.the port handles more than 4 million containers a year, accounting for nearly half of the country's container trade.handles about 48 percent of the country's box volume.
accordingestimated that the strike would affect about $0.8 billion worth of goods and trade during the eight-day strike.container shipping lines are moving services to other ports in the UK and Europe.Maersk Line will omit three stops at Felixstow this week to divert cargo destined for the port to other ports, with some cargo to be delivered from European terminals once the strike is over.
the current round of port strikes will last until August 29, the Port Authority said it will make contingency plans and work to minimize disruption during the strike.
Felixstow not only handled a large number of British imports, but also exports, of which $0.108 billion was transferred to Rotterdam and $0.138 billion to Hamburg. Other British ports are thought to benefit from the strike.
According to a new analysis by Copenhagen-based Sea-Intelligence, shipping companies' record earnings are a thing of the past during the outbreak when capacity is in short supply. itshas unified supply and demand.meter,its conclusions add to the growing consensus,only supply chain chaos such as port congestion helpsto boost freight rates.
from November 2020 to January 2022, global demand has been above 10% of capacity., however, the gap has been narrowing, with the latest data for June showing thatbefore the epidemic.level, the gap narrowed to 2%.
demand for imports is falling due to inflation and rising inventories in the United States and Europe, although congestion persists and labor strikes in Europe disrupt port productivity.
Created on：2023-08-25
