Zant Chong’s Post

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Trade Manager | Market Research, International Shipping, Pricing

There are 2 separate union issue happening at Canada West Coast a. TCRC breakdown in negotiation with CN and CPCK (rail companies), highly likely CIRB will issue findings that strike by TCRC will not impact critical services; TCRC is already proceeding with strike vote (due 29 Jun) to ensure they could call for strike (w 72 hrs prior notice) in Jul 2024. The current strike mandate is valid till 30 Jun 2024. b. ILWU Local Chapter 514 refuse to accept BCMEA final offer and vote to strike was completed on 15 Jun 2024; The impact will be more pinpoint to DP World Vancouver Centerm terminal. This will take some time to play out as CIRB is call to intervene in the negotiation. All in all, eventful summer peak is coming ... As any disruption to PNW will be felt by PSW, adding onto the lack of progress on US East Coast/Gulf Coast between ILA and USMX. Plus resumption of Red Sea conflict in the background.

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