US Port Blockade Confirmed for October 1st
Indefinite strike in Indian ports
India is home to 12 major ports which are the backbones of the web of over 200 ports that make up the Indian port infrastructure. This has allowed it to increase its cargo volume by 50% in ten years and its port capacity by 102%, that is, the goods that fuel the Indian economic metabolism. In this way, two Indian ports, that of Mundra and that of Jawaharlal Nehruhave managed to enter the ranking of the 30 major global ports. Both are located on the western coast of India. The first one near Pakistan, the second one near the metropolitan area of Mumbai. New Delhi’s policy is becoming more enterprising and intent on taking advantage of the weakening of the historical routes that passed through Suez, as demonstrated by the agreements signed with Iran for the construction and management of new port calls. It is also increasing the question coming from India itselfwhich represents a huge market, very interesting for shipping companies.
In the last one Container Port Performance Index (CPPI), published by the World Bank and S&P Global Market Intelligence, Indian ports have achieved prominent positions globally. Nine Indian ports have been included in the top 100 globally. Visakhapatnam Port has secured the highest position among them, ranking 19th globally in 2023. Mundra Port has also made significant progress, climbing to 27th place in the global ranking. Seven other Indian ports, which have secured a place in the top 100, are Pipavav (at 41st place in the list), Kamarajar (47), Cochin (63), Hazira (68), Krishnapatnam (71), Chennai (80) and Jawaharlal Nehru (96).
In general There is a business diversification in Asiawhich is pushing the main shipping companies to review and strengthen their routes and services in the Indian area, taking advantage of an increase in performance, an improvement in efficiency standards and less congestion compared to the ports of China, Singapore and the whole of South East Asia.
Freight trains between Canada and the United States are stopped
The third outbreak concerns Canadian railways and in particular the two companies that guarantee freight transport between Canada and the United States.
Canada’s two major freight railways have shut down operations, executives from both companies said, putting 9,000 Teamsters union members who operate the trains out of work.
Nearly a third of the freight moved by the two railroads – Canadian National (CN) and Canadian Pacific Kansas City Southern (CPKC) – crosses the border between the United States and Canada. and, depending on how long the transportation shutdown lasts, it could cause disruptions in several U.S. economic sectors, including agriculture, auto manufacturing, construction and energy.
“CPKC is taking action to protect Canadian supply chains and all parties who would be affected by the additional uncertainty and broader disruption that would result from a continuing conflict, potentially causing work disruption during the peak fall shipping period,” Canadian Pacific said in a statement.
The disruption of rail services could have an immediate impact on many industries that depend on the free movement of goods across the border.
For example, some U.S. auto plants may temporarily halt production because they cannot receive engines, transmissions, or stampings from Canadian plants. U.S. farmers may run out of fertilizer, and water treatment plants near the Canadian border may run out of the chlorine they use to purify water.
This is the first time Canada’s two major railways have shut down at the same time due to a labour dispute. The most recent work stoppage in the sector was a 60-hour strike at Canadian Pacific in 2022. Before that, Canadian National shut down for nine days in 2019.
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