Possible industrial action ex India (postponed)
We previously advised per below that this strike would take effect from March 9th. This has now been postponed until 16th March 2015. We will keep you updated as more information comes to hand.
Please note that the union of workers for all the major ports of India have announced that they shall go on an indefinite strike from March 9th 2015, against the government's decision to corporatize the sector.
Even though Nhava Sheva, Chennai, Cochin and Visakhapatnam have terminals which are run by private entities, still they may be impacted as marine and ancillary services are managed by Government port workers. If the strike does take place then barring Mundra and Pipavav rest of the ports may be impacted.
There is a strong possibility of mediation where agreement may be reached between labour unions and the Government. In which case strike may be called off. We will keep you advised as information comes to hand.