9,031.82 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.49 USD USD USD
36.47 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.50 TRY Interest Interest
72.97 USD Fossil Oil Fossil Oil
31.21 USD Silver Silver
31.21 USD Copper Copper
99.42 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,945.15 TRY Gold (gr) Gold (gr)

Canada’s West Coast ports face extended shutdown from strike

A shutdown from strike at Canada’s West Coast ports has extended into its second day as labor disputes disrupt key trade routes, stranding container ships and affecting industries across North America.

Canada’s West Coast ports face extended shutdown from strike

The shutdown affects some of the busiest ports, including Vancouver and Prince Rupert, as negotiations continue between the British Columbia Maritime Employers Association (BCMEA) and the International Longshore and Warehouse Union Canada (ILWU Canada).

According to BCMEA, the shutdown comes as parties remain unable to reach a consensus over wage increases, job security, and automation concerns. The dispute impacts a critical link in North America’s supply chain, which handles large volumes of containerized cargo, particularly from Asia. Reports indicate that container ships have started anchoring outside the ports, awaiting resolution. The backlog is expected to grow as long as port operations remain halted, which could lead to significant delays in shipments, adding strain to an already tight global logistics network.

This disruption may also have implications for industries dependent on imported materials, including steel and automotive manufacturing. Steel and other bulk goods suppliers warn that extended delays could pressure stock levels and increase costs.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

A new era begins in the Indian steel sector

Thursday, November 21, 2024

China's HRC, CRC and rebar production decreased y-o-y in October

Thursday, November 21, 2024

HRC prices decline from China to Middle East

Thursday, November 21, 2024

EU construction decreased in september

Thursday, November 21, 2024

Iranian analyst Keyvan Jafari Tehrani shared the effects of world politics on the steel industry

Thursday, November 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now