Canada's western ports have not serviced any vessels since June 30. This is creating a backlog in trade with a total of 29 ports at a standstill.
The British Columbia Maritime Employers Association tells CNBC negotiations with the International Longshore & Warehouse Union and Canada's Longshore Division are currently paused, pending further discussion with the federal mediators.
VesselsValue warns vessel transit and turnaround times are set to increase as a result of the strikes and congestion looks to be mounting outside Vancouver, one of Canada's main container ports.Justin Sullivan | Getty Images News | Getty Images "The BCMEA remains ready to come back to the table at a moment's notice, assuming that ILWU Canada is prepared to put forward a reasonable proposal. We are looking to reach a fair and balanced deal so ports can open and goods can start flowing as soon as possible."
"One would look at the transportation industry where employers have made their fair share of profits in which their employees were able to share in similar increases in line with what the government has already recognized as reasonable," it said.
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