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West Coast Ports closed.......no Hondas coming in?

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Old Oct 1, 2002 | 04:37 PM
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Default West Coast Ports closed.......no Hondas coming in?

Hi All,

Just wondered if the guy with the S2000 in San Diego can tell us if the Honda Ship is floating at sea with new cars? I would hate to own an S2000 that was salty

I wonder if the Z cars are rusting out there?

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Old Oct 1, 2002 | 04:50 PM
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I would think that the car manufacturers are flexible enough to send half of their shipments to east coast ports in cse this thing drags out. But then again, maybe their shipping companies are not as flexible.
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Old Oct 1, 2002 | 05:00 PM
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[QUOTE]Originally posted by drjekyll2000
[B]I would think that the car manufacturers are flexible enough to send half of their shipments to east coast ports in cse this thing drags out.
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Old Oct 1, 2002 | 05:07 PM
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Background info:

Port Strikes Cause Asian Shipment Delays
By REUTERS



Filed on October 1, 2002 at 12:38 p.m. ET

SINGAPORE (Reuters) - Asian shipping lines said Tuesday the port lockout on the West Coast was causing some delays and a prolonged stalemate could hit exports in the critical pre-holiday season, driving up costs.

The indefinite management lockout at 29 U.S. ports due to a labor dispute over wages, benefits and working conditions could lead to higher fuel and vessel delay costs as the bulk of Asia's cargoes are unloaded at West Coast ports, analysts said.

The dispute is between the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU). Port employers said the lockout could cost the U.S. economy as much as $1 billion a day.

But Asian shipping lines said ships were departing on schedule for the moment.

``We've had four ships impacted but, other than that, our global network is moving smoothly,'' said Sarah Lockie, vice president of corporate communications at Neptune Orient Lines, the world's sixth-largest container shipping group.

``The economic impact to our company is so far small. If action is restricted to days, we will be able to get cargo and ships back on schedule quickly.''

Evergreen Marine Corp, a Taiwan company, said the lockout had delayed the unloading of two of its ships docked in Los Angeles, while a third vessel was stranded in waters close to the city.

``We are still waiting for the result of negotiations,'' said a spokeswoman from the company, which gets 55 percent of its sales from U.S. routes. ``So far the departing schedule from Asia to the United States has not been affected.''

Evergreen has six sailings per week to the West Coast but the spokeswoman declined to comment on how further delays would affect the firm.

Shipping agents in Malaysia also did not expect a huge delay, with one agent saying that shippers could turn to the next convenient port and then transport the goods by truck.

DOMINO EFFECT

Analysts said there would be significant repercussions from a prolonged port closure, particularly as it was a busy season for exporters ahead of the U.S. holiday season.

``The bigger impact to Asia could be that export growth from Asia in October would be reduced,'' said a regional transportation analyst who declined to be named. ``That could actually hurt all of Asian exporters, not just shipping lines.''

Fears over a worsening in the U.S. port situation sent shares of some major Asian shipping lines tumbling on Tuesday.

Nippon Yusen KK, Japan's largest shipping firm, fell 8 percent to 370 yen, while rival Mitsui O.S.K. Lines dropped 6 percent to 217 yen.

Shipping lines said they were concerned that a prolonged port shutdown would cause further chaos to shipping schedules, which may lead to customers demanding compensation.

``Right now customers have not asked for compensation,'' said Chen Jingde, deputy managing director of COSCO Container Lines, part of the China Ocean Shipping (Group) Co. ``But if the situation becomes worse, they are bound to raise the issue.''

Chen said four of COSCO Container's ships had been affected at U.S. ports, although vessels were still departing as usual.
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Old Oct 1, 2002 | 05:21 PM
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Originally posted by SECRET AP1


... It's cheaper to ship across the Pacific and truck it out to the east coast than it is to truck it across Asia & Europe and ship it across the Atlantic.

In any case, this shutdown is not a good thing.
I agree, a shutdown SUCKS for everybody!! But Couldn't the shipping companies re-route some of their vessels through the panama canal to one of the east coast ports?

I DON'T want to start a union thread, but once again unions are hurting themselves. By this action you can better believe that shipping companies WILL "spread their liabilities" and move port assignments to other cities to hedge their bets against regional strikes. Which WILL mean a loss of shoremen jobs in the striking ports. All this for what? Shoremen would still be paid well, just new operations will not be guaranteed to union shops. This is yet another example of the Unions struggling to maintain power at the expense of the people they are supposed to represent. (IMHO)
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Old Oct 1, 2002 | 05:48 PM
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Originally posted by SECRET AP1


Whether or not other makers from Japan ship cars to east coast ports is questionable. It's cheaper to ship across the Pacific and truck it out to the east coast than it is to truck it across Asia & Europe and ship it across the Atlantic.
psst.. Panama Canal. you wouldn't need to truck it across Eurasia.
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Old Oct 1, 2002 | 06:18 PM
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[QUOTE]Originally posted by drjekyll2000
[B]I agree, a shutdown SUCKS for everybody!!
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Old Oct 1, 2002 | 06:45 PM
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[QUOTE]Originally posted by CBeyond
[B]It's a LOCKOUT, not a strike.
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Old Oct 1, 2002 | 07:02 PM
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Whew! Glad I made it under the gun! My S shipped out of San Diego a week ago and just arrived at the dealership. I can't wait until Monday when I pick it up...I'm overseas at the moment and obviously can't get it right now. I don't know what I would have done if I had to wait until some lockout/strike was over...it's been a long enough six weeks already!
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Old Oct 1, 2002 | 08:05 PM
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I wonder if this increases the resale vales of used S's?
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