Port strikes in Great Britain could put still more pressure on recovered paper prices


High inflation and the cost of living crisis have triggered a wave of industrial action in the UK. After rail strikes, strikes at public authorities, the NHS, Amazon and in other areas, dockers at seaports have also called for strikes. According to the Unite trade union, dockworkers at the largest container port in the country, Felixstowe, walked out on 21 August and will remain on strike until 28 August.

Felixstowe dockers have rejected an offer from the port operator, Felixstowe Dock and Railway Company, a subsidiary of Hong Kong based CK Hutchison Holdings, for wage increases of 7 per cent because they are well below real inflation of 11.8 per cent, according to the union. Felixstowe handles about 48 per cent of the UK's container traffic. In total, the port handles over 25 million tonnes of freight per year.

In addition to the disruption of the general supply chains and the beginning of the Christmas business, experts from the recovered paper sector fear that the strikes will further restrict the export of recovered paper to Asia and thus put even more pressure on recovered paper prices in the UK....

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