$765 million a day in lost trade from West Coast Strike according to our analysis.

$765 million a day will be lost in trade from the labour strike at the Canadian West Coast ports of Vancouver and Prince Rupert according to our ALPS Marine analysis.

Further analysis shows that the commodities of furniture, metal products, meat products, aluminium and clothing will be impacted by the strike. 

Vancouver and Prince Rupert are two of Canada’s busiest ports, and a closure would clearly have a big impact on the Canadian economy. The strike action is focused on stopping containers and general cargo but will not affect longshoring operations on grain vessels or cruise operations. 

The previous strike was a 13-day strike that caused widespread disruption and was resolved through pressure by the Federal Government. 

Russell Group Managing Director Suki Basi said: “The Canadian port strike is a microcosm of many of the issues that are impacting Western economies today; protection against automation, better work-life balance and a cost-of-living crisis. 

Taken together, these pressures are creating a cocktail of connected risk for countries, business, individuals and entire sectors such as marine insurance, which help to mitigate cargo exposures. 

It is our belief that to tackle connected risk requires a connected solution, which modern day data and analytics third party providers such as Russell can supply.”