Tag: ports

Port of Oakland Cranes Eric Gerster

West Coast Ports Still Uncertain

by  on  in Eric Gerster, Markets

After almost ten months of negotiations that resulted in a standoff between the Pacific Maritime Association (PMA) and International Longshore and Warehouse Union (ILWU), the two parties reached a tentative agreement to get twenty-nine ports on the West Coast back up and running. With a dispute affecting the supply chains of thousands of businesses, the shutdown after months of maneuvering… Read more →

Maritime Port

West Coast Maritime Port Shutdown

by  on  in Eric Gerster, Markets

After nine months of negotiations and increased gridlock, vessel operations at West Coast maritime ports may be completely shut down in as little as five to ten days, according to a recent article in MarketWatch. The disputed contract covers 20,000 workers and 30 different ports, so the negotiations could be foreseen to move slowly, but with both sides blaming each… Read more →