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Karachi Port, including Port Qasim, has the potential capacity to handle over 4.25 million TEU (Twenty-foot Equivalent Units) of containers. However, historically, the port handles only 2.0 to 2.5 million TEU annually, with estimated revenues of approximately $375 million based on $150 per TEU. Despite this, historical records show that annual revenues never exceed $100 million, typically around $50 million. This raises concerns about why the port operates at only 50% capacity and why revenues fall far short of expectations. Additionally, non-TEU handling, such as bulk and liquid cargo, could potentially add 20-30% more, bringing total estimated revenues to $500 million annually.😡 😡 😡 😡 😡

Starting August 28, India’s major port workers are set to begin an indefinite strike over unresolved wage and pension issues. This could seriously disrupt port operations across the country, potentially leading to delays in shipments and affecting the flow of goods. If you’re in the logistics industry, it’s important to stay on top of this situation. The impact on supply chains could be significant, especially if you rely on Indian ports for imports or exports. We’re keeping a close eye on developments and assessing how this might affect your business. To avoid disruptions, it might be a good idea to review your logistics plans—or let us help with that. If the strike drags on, finding alternative routes or transport methods could be crucial. Stay tuned for updates as we continue to assess the situation. Our priority is to ensure your operations remain as smooth as possible during this period of uncertainty. 🌐 Connect with us: https://lnkd.in/g8HkcRu9 📧 Email: globalinfo@topocean.com 🌏 Our branches: https://lnkd.in/d7F_443D #TeamTopocean #LogisticsUpdate #SupplyChainAlert #PortOperations #FreightSolutions #NVOCC

India's Port Workers and Transporters Threaten Nationwide Strike❗ India's port operations are facing a potential shutdown as port workers and transporters have announced plans for a nationwide strike starting August 20. The actions are in protest against unresolved wage demands, increased charges, and deteriorating working conditions. The strike is expected to severely disrupt cargo movement and impact the nation's economy. Learn More (From Source): https://lnkd.in/gH5MgJJp ✨ Stay Updated, Stay Connected: Follow Logisticiti Connect. ✅ ✨ Join Our Community for FREE: https://lnkd.in/gP2H73uv #StayUpdatedStayConnected #LogisticitiConnect

Union leaders in India have set a deadline for a strike at government-run ports, signaling potential disruptions in cargo movements. This development is crucial for those shipping from India, as a strike could lead to delays and increased costs. The defiant stance of union leaders suggests that shippers should closely monitor the situation and consider contingency plans to mitigate any impact on their supply chains. Read more: https://lnkd.in/gFCh_rb8 #Shipping #India #PortStrike #SupplyChain #Logistics #Trade

Indian port workers’ unions have called for a strike from 28 Aug In Mar 2021, the shipping ministry formed a bipartite wage negotiation committee. The workers submitted their demands in Sep 2021, ahead of the expiration of the previous agreement in Dec 2021. The wage negotiation committee met 7 times and failed to meet the port workers’ demands. The workers’ group agreed to call the 20,000 workers strike after a meeting this month as they want immediate settlement of pay revisions and pension benefits.   A strike by India’s port workers could exacerbate the existing congestion issues at Asian and European ports, leading to further delayed shipments, which have a global impact on trade and commerce. The immediate impact of the strike might not be grave, but if it goes on for more than 2 to 3 days, the ramifications would be severe. In the fiscal year to 31 Mar 2024, India exported goods worth $437b and imports $677b, reported gCaptain. #shippingindustry

Indian #port workers are set to wage a strike demanding better wages and benefits. The upcoming strike underscores the need for fair treatment, improved compensation, and enhanced work conditions across India's vital port sector. As the backbone of global trade, these workers play a crucial role in keeping supply chains moving, and it's time their contributions are properly recognized. Support the movement for equitable labor rights and better working conditions! #PortWorkersStrike #FairWages #LaborRights #IndianPorts #SupplyChain #BetterBenefits #WorkerSolidarity #TradeUnion #GlobalTrade #StrikeAction https://lnkd.in/duQ8aYVh

Upcoming India Port Workers Strike: Potential Disruptions Ahead Indian port workers are scheduled to go on strike on August 28, 2024, following three years of stalled negotiations over better wages and benefits. This strike could significantly disrupt operations at major ports across the country, affecting both domestic and international trade. Key Points: Strike Date Set: The strike is planned for August 28, 2024, after prolonged negotiations between port workers and management failed to reach a resolution. This could impact port activities nationwide, potentially causing delays in the movement of goods. Worker Demands: The workers are advocating for higher wages, improved benefits, and better working conditions. Their demands have been under negotiation for three years, highlighting the critical need for fair labour practices in this essential industry. Potential Consequences: Disruptions in port operations could have a ripple effect across supply chains, emphasizing the importance of contingency planning for businesses relying on timely imports and exports. Prepare your logistics operations for potential disruptions. Contact us at info@aabiport.com for any further information or assistance. #LogisticsNews #PortStrike #SupplyChainDisruption #Aabiport Source: Reuters - India Port Workers Go on Strike | Maritime Executive - Indian Dockworkers Set Date for Strike

Potential Disruptions at India’s Major Ports India's major ports may face significant disruptions starting August 28, as dockworkers unions threaten an indefinite strike. Frustrated by the lack of progress in wage negotiations since 2021, the unions demand fair wage hikes and productivity-linked bonuses. If the strike proceeds, it could impact over 50% of India's ocean trade, affecting key ports like JNPT and Chennai, with serious economic consequences. The stakes are high, and the outcome will be crucial for India's maritime industry. #IndiaMaritime #PortStrike #LaborRights #TradeDisruption #IndiaEconomy #ShippingIndustry

Government ports in India will face significant disruption if negotiations to avert an indefinite dockworker strike from 28 August fail to reach agreement, union leaders warned. Any port disruption, even if with scattered impact, could make supply chains more challenging for Indian shippers already hit hard by the Red Sea crisis, which has sent vessel schedules off-kilter and ocean freight rates unusually high on some routes. https://lnkd.in/guSRsD52

The World's Biggest Sea-Trading Countries On August 19, a group of dock worker unions in India encompassing 20,000 members called for a general, nationwide strike starting August 28. The unions' demands include "pay scale revisions, payment of arrears and protection of exiting benefits", according to a note reviewed by Reuters. If the unions follow through on their strike plans, the economy of the South Asian nation could be significantly impacted. As data from the United Nations Conference on Trade & Development (UNCTAD) shows, India relies heavily on importing and exporting goods via seaports. In 2022, Indian ports handled 19.7 million twenty-foot equivalent container units (TEUs), landing the country in the top 10 in container throughput worldwide. However, China remains at the top of the list with 269 million TEUs, with no other place even coming close to these volumes. The country's maritime trade dominance is owed largely to its thriving business of exporting electronics, fashion and other consumer goods. For example, the People's Republic exported ICT goods like computers, electronic components and consumer electronics worth $858 billion in current prices in 2021, more than double the amount of the second-ranked region Hong Kong with $410 billion, according to UNCTAD data. The rest of the list of countries and regions with the highest container throughput is also dominated by regions and countries in Asia. The only entrants in the top 11 not located on the Asian continent are the United States (62 million TEUs), the United Arab Emirates (20 million TEUs) and Spain (17 million TEUs). Source: #Statista