The world’s second-biggest shipping company has warned supply chains are at “a breaking point” and will take months to recover even when at DP World wharves end, a prospect that grew distant on Thursday as three days of talks ended in a stalemate.
The world’s second-biggest shipping company has warned supply chains are at “a breaking point ” and will take months to recover even when at DP World wharves end, a prospect that grew distant on Thursday as three days of talks ended in a stalemate.from Friday, when pay bans from the major stevedore kick in for workers who do not fulfil their full duties as part of the Maritime Union ’s pressure campaign for a new pay deal.
Dean Sewell Maersk’s Oceanic head of ocean products, My Therese Blank, said the Danish company’s vessels were now being forced to dock more than 10 days late on average at DP World terminals on Australia’s east coast, forcing major schedule disruptions.The Australian Financial Review. “ The current situation with lengthy vessel waiting times is not sustainable and will have a devastating impact on cargo flows in and out of Australia unless we see an improvement in the next couple of weeks. “Given the current extensive delays, once the terminal operation is back to normal, it will take the supply chain a couple of months to fully recover from the current situatio
Shipping Supply Chains Breaking Point Recovery DP World Talks Stalemate Pay Bans Stevedore Workers Maritime Union Schedule Disruptions Cargo Flows Australia
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Season of Netflix's Break Point Docu-Series Features Controversial FocusThe new season of Netflix's Break Point docu-series highlights the tennis world's stars and their achievements in the 2023 season. However, the decision to dedicate an episode to Alex Zverev, who has faced allegations of domestic violence, has sparked interest and controversy.
Read more »
Rent Hikes Continue During Holiday Season, Renters StruggleRenters did not receive any relief during the holiday season as rent hikes continued. According to the latest PropTrack Market Insight report, the national median rent rose by 1.8 per cent in the December quarter, reaching $580 per week. This is an 11.5 per cent increase compared to the previous year, which means weekly rents are $60 more expensive than they were in early 2023. Gennadi Kazakevitch from the Department of Economics at Monash University said that, when prices for any product or service rise, economists always look for an increase in demand that exceeds an increase in supply.
Read more »
Severe weather warning cancelled but risk remains in flood-hit QueenslandThe severe weather warning sparked by ex-tropical Cyclone Jasper has been cancelled but the "risk remains real", authorities have said. Queensland and surrounding remote communities among the worst hit by the record-breaking flooding disaster after a year's worth of rain fell in less than a week. The Bureau of Meteorology has officially cancelled the severe weather warning that was in place, however a "significant risk" of showers and storms remains. Queensland Premier Steven Miles said significant rainfall had hampered efforts to get into some communities, including the remote area of Wujal Wujal. "An attempt was made to aerially evacuate people today but unfortunately, the rain and cloud is still too strong and another attempt is now planned before 8am tomorrow," he said. Hundreds of rescues have taken place across the region and volunteers are getting an average of 40 calls for help an hour.
Read more »
Algeria's Tassili N'Ajjer: The World's Largest Art MuseumAlgeria's Tassili N'Ajjer plateau is home to over 15,000 etchings and paintings, some as old as 11,000 years, depicting a vibrant savannah that existed in the Sahara during the Green Sahara period. These rock art pieces provide valuable insights into the past environmental conditions of the region.
Read more »
Different World: Australia's Economic Situation in July 2019A look back at Australia's economic situation in July 2019, with stagnant economic growth, rising underemployment, and a sluggish economy.
Read more »
DP World to dock pay of wharfies in escalating dispute with Maritime UnionStevedore DP World will dock a full shift’s pay from any wharfies who slow down cargo with work bans, in an escalation of its dispute with the Maritime Union of Australia that is hindering four of the country’s busiest ports.
Read more »