Weekly Update Week 25: June 13th-17th

Operations Update:

West Coast Port Contract Update:

ILWU and PMA : Committed to Negotiate and Reach Agreement on US West Coast Port Labor. The current agreement between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) expires on July 1st, 2022.

​​​​​​Members of the ILWU and PMA met with President Joe Biden on Friday June 10th on the U.S.S. Iowa battleship in San Pedro California to discus current supply chain issues and their shared commitment to reach a new agreement between dockworkers at all 30 US West Coast Ports and the employers who operate marine terminals and shipping lines.

Both the PMA and ILWU agree that is is unlikely to reach a new agreement before the current contract expires.  Cargo operations are to continue beyond the expiration of the contract and neither party is preparing for a strike or a lockout.

Juneteenth, In observance of Juneteenth, we will be working with limited staff on both Friday, 6/17 and Monday, 6/20.

South African Shipments

Services from South Africa to North America are suffering from severe congestion and equipment shortages.  As a result ocean carriers are modifying services or restricting bookings on all schedules.  Currently shipping lines are taking bookings for August sailings.

News to Know

Will we experience an economic downturn? Morgan Stanley’s outlook on potential recession

Frequent complaints about excessive fees charged by the carriers and terminals result in bi-partisan legislation. Ocean Shipping Reform Act to Become Law Addressing Fees and Exports

Need an impressive dessert, fast? Bourbon Butterscotch Pudding

American wineries continue to invest in the DTC segment with in-person and virtual initiatives For US Wineries, Direct-to-Consumer Sales Remain Essential | SevenFifty Daily

Do exhibitors and visitors still want wine fairs? Yes and no. How Covid-19 is re-shaping the wine fair circuit