Resilinc Special Report

Ocean Shipping: Increased Rates and Potential Port Strikes

This report analyzes the disruptions in ocean shipping caused by a surge in shipping rates and potential port strikes. It provides a comprehensive overview of the effects of these disruptions on international trade, emphasizing increased transit times and related costs. By reassessing current supply chain strategies, businesses can better navigate the complexities of ocean shipping disruptions and maintain operational resilience.
Read Resilinc’s Special Report for valuable insights on navigating global ocean shipping disruptions and implementing proactive supply chain strategies to effectively mitigate risks.
Key Insights:
  • The current six-year agreement between the ILA and USMX is set to expire on September 30, 2024
  • Port congestion and shipping prices increase as U.S. and European shippers advance their shipping schedules in attempt to avoid the growing and potential disruptions
  • In 2023, East and Gulf Coast ports emerged as crucial hubs, handling over half of the U.S. containerized imports