Hillebrand, which transports California wine Ocean Spray, Nutrition and Biosciences (which merged with IFF ), and Brown Forman, the company that owns Jack Daniels. Levi's and Black & Decker export to this port, as does Mallory Transportation, which moves motorcycles J.F. companies and industries that export to the U.K. What's more, many UK and EU ports are already experiencing maximum capacity volumes, so their ability to handle even more may be limited," Brazil said.Īccording to bills of lading items leaving Felixstowe, companies including Amazon, General Mills, Loreal, GSK, Bacardi, Kellogg, Mars Foods, Diageo, the company which owns Guinness, and Suntory, which owns Jim Beam, all use the port to transport their products.
#CHINA PORT MAP FULL#
"If the strike action goes for the full eight days or longer, massive delays will be seen across the UK, with spillover effects into the EU as containers get diverted to other ports such as Rotterdam or Le Havre. "The ripple effects of the strike will hinge greatly on how long it lasts," said Josh Brazil, vice president of supply chain insights at Project44. Sharon Graham, general secretary of Unite, says CK Hutchison Holdings, the company which owns the port, can afford the raise as a result of its record profits. The union Unite has warned the port disruption could last until Christmas if the ten percent pay demand is not met. Andreas Braun, Europe, Middle East, and Africa ocean product director of Crane Worldwide Logistics, told CNBC it will take at least two months for the backup of containers to be cleared out. The current strike at Felixstowe is slowing down $4.7 billion in trade. There will be no more strikes until March 2024. The deal was approved by union negotiation committee by a vote of 18-2. The agreement includes a retroacive 9.4 percent pay increase starting July first for the container sector, followed by another increase of 4.4 percent starting June first of 2023. Sources with knowledge of the German deal tell CNBC, the union will make their final descision in two weeks. On Wednesday, a deal was announced between the union ver.di and the German ports, but Crane said it will take until the first quarter of 2023 for the congestion to be cleared. On the flip side, Europe to North America and China to Europe are both up because of massive port congestion due to the strike at Felixstowe and the previous labor strife in Germany. China to the East Coast is down 3 percent, at $9,184. The latest ocean freight rates tracked by Freightos show the China to West Coast rate is down six percent, at $5,759. Unlike last year, and even just months ago, when space was in extreme shortage, currently space is open for all lanes and ocean carriers are pushing for more bookings with freight adjustment weekly and some daily, according to OrientStar Group.
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