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Arca Intl
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Felixstowe strike shuts UK hub

The UK’s largest container shipping gateway has been brought to a standstill after workers at the port of Felixstowe began an eight-day strike Sunday, forcing carriers to divert vessels to already congested hubs in Northern Europe. It is the latest in a wave of industrial action sweeping the transportation and logistics sectors in Europe as workers demand inflation-busting pay increases…

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Arca Intl
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Supply Chain Is Now Facing Two Trade Hurdles

A pileup of German import containers is expected to extend into the first quarter of 2023.Meanwhile, Shanghai factories have suspended production due to power rationing.Sichuan, home to some large lithium producers, is also shuttered due to government power rationing Two of the major trade lanes for U.S. shippers are under strain this peak season. The heatwave in China has shut…

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Arca Intl
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Maersk sees global supply chain woes for longer; lifts 2022 profit guidance

Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected. The shipping industry has seen record profits in recent quarters due to a surge in consumer demand and pandemic-related logjams holding up containers in key ports in China, Europe,…

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