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US West Coast Port Congestion Pushes East Coast Freight Rates to Record Levels

(Mike Wackett – The Loadstar)

Container lines serving the US west coast ports of Los Angeles and Long Beach from Asia are suffering docking delays of up to three weeks according to an analysis by Alphaliner.

This means carriers must deploy extra vessels and is causing a record spike in spot rates on the alternative Asia-US east coast tradelane.

Despite the introduction of a government mediator, agreement on a new labour contract between the International Longshore and Warehouse Union (ILWU) and the port employers, represented by the Pacific Maritime Association (PMA), seems as far away as ever, after eight months of negotiations. Click here to read more.