Dock Workers and Shipping Lines Widen Boycott of Russian Trade
(Bloomberg) -- Dock workers around the world are pushing to widen bans on Russian ships from their ports, moves that would potentially blacklist more than 1,700 vessels connected to the country as its invasion of Ukraine strains already-disrupted global supply chains.
Longshoreman unions from Canada, the U.S. and Australia are taken the steps on their own or are asking their governments to refuse entry to Russian merchant ships, following the U.K.'s decision to do so as part of a growing array of sanctions against Vladimir Putin's regime.
“Workers around the world are defiant in opposition to Russia's invasion including thousands of dock workers showing solidarity with the people of the Ukraine and contempt for Putin's aggression,” Paddy Crumlin, president of the International Transport Workers' Federation, said in a statement Thursday.
The shipping industry that served as a lifeline to economies through the pandemic is joining the global backlash against Putin's military offensive by severing trade links. Almost all of the largest seaborne container carriers -- with China's Cosco Shipping Co. being a notable exception -- are publicly refusing to book Russian cargo.
Mediterranean Shipping Co. and A.P. Moller-Maersk A/S, the world's two biggest container lines, halted bookings for Russian freight, with Maersk warning customers that the wider fallout will have “a global impact, and not only limited to trade with Russia.”
In a tweet on Thursday, the San Francisco-based International Longshore & Warehouse Union said its members “will not load or unload any Russian cargo coming into or going out of all 29 U.S. West Coast ports.”
Dock workers in the U.K. announced late last week that its members at ports would refuse to load and unload Russian-owned or controlled vessels in British ports. The union representing dock workers and seafarers in Australia want to do the same, and is pushing for Prime Minister Scott Morrison to join other governments in sanctioning Russia. A union representative said it would be difficult for members on the ground to enforce an embargo without the government's cooperation.
READ: Europe's Biggest Logistics Firms Halt Deliveries Into Russia
In New Zealand, the Maritime Union of New Zealand and the Rail and Maritime Transport Union joined this week to hand letters of protest to the captains of Russian-flagged and owned vessels coming into the the country's ports.
The ITF estimates there are about 1,522 Russian-flagged vessels over 500 gross tonnes, with the majority being container ships, bulk carriers and tankers, according to databases available to the union. Additionally, about 200 vessels are not Russian-flagged but are registered to beneficial owners in Russia or controlled from the country, it said.
©2022 Bloomberg L.P.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.