Global shipping: A strike at the ports will support a drop in prices Today dock workers are protesting on four continents. In recent days its scale has grown a little more. According to the latest data, the following are participating: 22 countries on four continents; 25 professional unions; 113 exits. According to Reuters estimates, the action could affect more than 40% of cargo traffic in the Mediterranean and stop traffic worth $2 billion. However, it is far from certain that this will be a severe blow to the industry. Linerlytica's latest report, for example, notes: Currently only port congestion is holding back a sharp price correction. Overall, the report's authors note "new signs that container shipping rates have peaked": demand is easing ahead of the traditionally slow winter season; pressure on capacity is easing as ships return to the Suez route. The carriers were unable to achieve the tariff increase planned for November and now they fear further tariff reductions, so they are trying to secure cargoes in advance. The latest Derry index confirms these estimates, having fallen 3% on Oct. 29 to $4,429 per 40-foot container. The number of crossings through the Suez Canal did increase and reached a record of 62 ships per week for this year. However, precisely on the Asia-Europe route the rates remained stable. But where there is a really sharp drop is in the Pacific routes: -6%, up to $7514 per FEU on flights from Shanghai to Los Angeles; -5%, up to $9631 per FEU on flights from Shanghai to New York. Experts note a drop in demand for imports in the United States and expect a further drop in November. Charge flow in Telegram | up to MAX.

Global shipping: A strike at the ports will support a drop in prices Today dock workers are protesting on four continents. In recent days its scale has grown a little more. According to the latest data, the following are participating: 22 countries on four continents; 25 professional unions; 113 exits. According to Reuters estimates, the action could affect more than 40% of cargo traffic in the Mediterranean and stop traffic worth $2 billion. However, it is far from certain that this will be a severe blow to the industry. Linerlytica's latest report, for example, notes: Currently only port congestion is holding back a sharp price correction. Overall, the report's authors note "new signs that container shipping rates have peaked": demand is easing ahead of the traditionally slow winter season; pressure on capacity is easing as ships return to the Suez route. The carriers were unable to achieve the tariff increase planned for November and now they fear further tariff reductions, so they are trying to secure cargoes in advance. The latest Derry index confirms these estimates, having fallen 3% on Oct. 29 to $4,429 per 40-foot container. The number of crossings through the Suez Canal did increase and reached a record of 62 ships per week for this year. However, precisely on the Asia-Europe route the rates remained stable. But where there is a really sharp drop is in the Pacific routes: -6%, up to $7514 per FEU on flights from Shanghai to Los Angeles; -5%, up to $9631 per FEU on flights from Shanghai to New York. Experts note a drop in demand for imports in the United States and expect a further drop in November. Charge flow in Telegram | up to MAX.