Originally said a three-day Canadian dockworkers strike, now has entered the 13th day!

Royal Bank of Canada's latest report shows that the Canadian port workers strike has led to about 63000 containers of cargo backlog.

reported that before July 14 is the "best time" for the strike to find a solution ". If the two sides have not reached an agreement by July 31, the backlog of containers is expected to reach 245000. Even if no new ships arrive, it will take more than three weeks to clear the backlog.

The British Columbia Maritime Employers Association said that as of July 10, 7.5 billion Canadian dollars (about 5.685 billion US dollars) of cargo logistics had been disrupted.

Royal Bank of Canada expects that in Canada's largest port, the Port of Vancouver, there are currently about 12 ships waiting, and another 37 ships will arrive by the end of the month. Based on the value of each container, it is estimated that the backlog of goods will be worth up to 11.7 billion US dollars.

U.S. ports refuse to unload Canada-bound cargo

Of the 37 vessels scheduled to arrive in Vancouver by the end of July, 17 may bypass Canada and head directly to Seattle or Tacoma-Washington.

According to RBC estimates, if all 17 ships decided not to call in Vancouver, it would result in a 5.5 billion-dollar loss.

But, to make matters worse, Willie Adams, chairman of the US-West Port ILWU, said on Friday: "The US West Coast ports will not accept ships from the strike closed Canadian ports."

"ILWU does not offload shipments to Canada as a way of standing in solidarity with Canadian ILWU brothers and sisters."

Canada's West Coast ports were previously supported by the ILWU and the International Dockworkers Association (ILA).

ILA is the largest maritime workers union in North America, representing workers along the Atlantic and Gulf coasts, the Great Lakes, the major rivers of the United States, Puerto Rico, and ports in eastern Canada. The association also said in a statement that it would not accept diverted cargo from the striking port.

It is understood that Canadian Labor Minister Seamus Oregan said that negotiators in the end of some of Canada's busiest port dock workers strike agreement made progress, he has asked the mediator to reach a final agreement.

"After 11 days of work stoppage, I don't think the difference in positions of employers and unions is enough to justify continuing the work stoppage," O'Regan tweeted." He said an agreement was within reach and that he had asked a senior federal mediator to send a written proposal on the terms of the settlement within 24 hours.

Canadian port strike affects U.S. cargo shipments

It is reported that the current strike of 7400 union members from Canada 30 different ports, including Vancouver Port and Rupert Prince Port, these two ports are Canada's largest two ports, but also to the United States of the main access.

The American Railroad Association (Association of American Railroads) reported that due to Vancouver and other West Coast port strikes, the past week from Canada into the United States freight rail traffic fell by 46%, the most affected trade sectors include chemicals, forest products, petroleum and non-metallic minerals.

Strike-induced disruptions in trade volumes, as well as ship and cargo shifts, have raised U.S. supply chain concerns, as well as concerns about East Coast and West Coast port congestion.

According to the U.S. Census Bureau, about $0.572 billion a day in container trade arrives in the United States from Canada. Between January 2022 and May 2023, the total amount of goods imported by the United States from Canada will range from $31 billion to $41 billion per month.

the United States and Canada are each other's largest trading partners. About 20 percent of U.S. trade passes through Vancouver and Prince Rupert, Canada, but strikes broke out at those two ports over the failure of union leaders and employer representatives to reach an agreement before the cooling-off period expires. The Canadian Chamber of Commerce (Canadian Chamber of Commerce) estimates that the daily trade through one of the two ports is 0.605 billion dollars.

the Railway Association of Canada estimated it could take three to five days for the rail network and supply chain to recover. This means that although the strike ends on the 12th day, delays in rail containers may range from 36 to 60 days. This does not include the delay of vessels waiting to be processed, which in turn will add additional delay.

Source: one shipping