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Over 650 workers at Jakarta International Container Terminal struck from August 3, with the action possibly lasting until August 10. The terminal handles about 70% of the Tanjung Priok port's import and export traffic.
The union says the strike is over bonus payments cut after contract renewal in 2015.
A week-long shutdown of the main container terminal in Jakarta can delay imports and exports of feed-related cargo through Indonesia. The effect on commodity prices is limited because the disruption is short and mainly affects containers.
freightwaves.comFreightWaves StaffAug 7, 2017Not 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.
