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Maritime Union of New Zealand members at Lyttelton Port's container terminal resumed rolling strikes over planned roster changes. The port is challenging the union's latest strike notice in the Employment Court while mediated talks continue.
Between 160 and 180 union workers are covered by the collective contract.
Container terminal strikes in New Zealand can slow cargo flows, but the port's volume of agricultural and feed trade is small, so global feed prices should not move much.
businessdesk.co.nzPaul McBethJan 19, 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.
