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Kuehne+Nagel reports that the Maritime Union of Australia extended industrial action at all DP World terminals until January 22, 2024. The action includes two- to eight-hour work bans and 24-hour stoppages on loading and unloading of trucks and trains.
Extended work bans and stoppages keep container and rail movements slow for Australian exporters, which adds cost and timing risk for grain and other export cargo.
mykn.kuehne-nagel.comSeaNews EditorJan 9, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% over 20.
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.
