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Ports in New York, New Jersey, Virginia, New Orleans and Houston warned customers that operations could stop from 30 September if the ILA and USMX failed to reach a contract. Union members threatened to walk off as soon as 1 October.
Container cargo is most at risk, while dry bulk grain movements are expected to be less affected.
A port strike would disrupt container freight and could raise ocean freight costs, with only limited direct effect on bulk grain exports.
argusmedia.comCourtney SchlissermanMar 25, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
