We approach the potential strike by the International Longshoremen’s Association (ILA), possibly starting at 12:01 AM on October 1st, 2024.
This strike would impact all East and Gulf coast ports, affecting 85,000 ILA members and leading to potential disruptions in major trade lanes, which would affect the flow of goods and oil prices.
The turbulent conditions along the local bunker landscapes are likely to drive volatile fuel prices in both the East Coast and US Gulf regions. Specifically for the US Gulf bunker market, we may see noticeable price changes between the Gulf, Panama, and Colombia.
As the possibility of volatile market conditions approaches, TBF is prepared to provide alternative fuel and lubricant solutions for your fleet.
