Lakes Logistics LLC

After all of the record profit announcements from ocean carriers (for example: Hapag Lloyd making more in the last 6 months than the last ten years combined) this was bound to start happening. More to come I'm afraid which will cause even more disruption in our crippled supply chain. 'smine?

HMM Seafarers Threaten Pay Strike, Mass Resignation By Nick Savvides (The Loadstar) – More than 90% of HMM’s seafaring union members voted to strike on Sunday and, if a resolution is not reached, the 453 union members are threatening...

https://gcaptain.com/boatloads-of-cargo-off-los-angeles-grind-gears-of-world-economy/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Gcaptain+%28gCaptain.com%29&goal=0_f50174ef03-34fbf44be2-169994621&mc_cid=34fbf44be2&mc_eid=258ee78562

Boatloads of Cargo Off Los Angeles Grind Gears of World Economy – gCaptain By Brendan Murray (Bloomberg) — A flotilla of almost a dozen cargo vessels sits anchored just south of Los Angeles this weekend, waiting for berth space. Around the twin ports of...

IMO2020 fuel costs are driving container traffic rates higher in several tradelanes. Seems to have less effect on lower volumes in the bulk trades.

Baltic Dry Index Falls to Over 3-Year Low – gCaptain Jan 27 (Reuters) – The Baltic Exchange’s main sea freight index fell to its lowest level since April 2016, dragged down by lower vessels rates across categories. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 11 points, or...