Port labor unrest and drought help liner majors at a critical time

A port conflict in the US and drought may lead to higher freight prices and alleviate some of the container sector’s overcapacity issues, say analysts.

Maersk has previously warned that ship queues could materialize if the ports of Los Angeles and Long Beach are hit by labor conflicts. Maersk is one of the largest employers at the ports through its company APM Terminals. | Photo: Damiian Dovarganes/AP/Ritzau Scanpix

by NIKLAS KRIGSLUND

A smoldering port conflict in ports on the US West Coast along with drought in the Panama Canal could result in new supply chain issues just as the transportation chaos of the pandemic has come to an end.

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