Maritime employers say they will commence a lockout of the longshore foremen after their union began a threatened strike Monday morning, a move that will force marine terminals in the province to close.
Weak economic trends have kept the pressure on industrial end-markets serviced by Linde and Air Liquide, which provide key cargo for the breakbulk and project cargo segments.
A series of factors are bending the capacity curve back in favor of carriers and could lead to an improved supply-demand balance next year despite a large capacity overhang, believes the Maersk CEO.
