The increasing likelihood of a dockworker strike next week at container terminals along the US East and Gulf coasts will tie up approximately 1.7% of global shipping capacity if it lasts a week, tightening the supply of equipment and vessels as the Red Sea diversions have, but on smaller scale, HSBC said in a report Thursday.
The global bank said a weeklong strike will negate about 500,000 TEUs of overall capacity — approximately 1.7% of the global fleet — due to ships anchored during a potential stoppage. For comparison, analysts estimated that Red Sea diversions around Africa’s Cape of Good...
