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Port of Los Angeles Harbor Commissioners voted to go forward on two major port community projects but held off putting more money into a fund created to help settle a dispute over plans to redevelop the TraPac marine terminal. … At the request of Commissioner Joe Radisich, the commission delayed a vote on transferring more [...]  A delegation of Taiwanese agriculture officials has signed a joint-agreement to pursue the importation of California wheat, the California Wheat Commission announced today. The news is significant because it opens the door for the state’s wheat growers to boost international sales of its crop, said Robert Falconer, Executive Director of the commission. “These international trade [...] Orient Overseas (International) Ltd said on Tuesday revenues from its container shipping unit fell 42.3 percent in the third quarter, showing a slump in global trade continued to hurt sea carriers. Orient Overseas Container Line (OOCL) posted total revenue of $948.9 million in July-Sept, taking total revenue for the first nine months to $2.77 billion, [...] Port of Tacoma Executive Director Tim Farrell will leave the agency at the end of the year, the port commission and Farrell announced Monday evening. The port planned to build NYK a new terminal on the Blair Waterway. That plan was derailed by the recession, but the project faced serious obstacles including cost estimates that [...] Israel Corp., the holding company of Zim Integrated Shipping Services, reached an agreement with its bondholders Sunday night according to which, debts of 350 million dollars, which were meant to be paid off between 2012 and 2015, will only be paid in 2016, and with an option to push it further until 2020. In exchange, [...] CMA CGM container ship Shippers of ocean reefer containers look set to be hit by a double-whammy of rising costs over the next year. Industry sources expect rising volumes and anticipated capacity/equipment shortages to help shipping lines push up their general rates for reefer boxes. More immediately, they believe other lines are likely to [...] Government spokesman George Petalotis on Thursday said the government had not considered action to declare a strike by Piraeus port dock workers illegal and abusive. Petalotis said the government’s obligation was to handle the situation that had arisen and that its success was measured in the fact that there was now dialogue between the dock [...] CMA-CGM wants to delay the delivery of 49 ships it has ordered and is scheduled to receive within the next three years, its CEO Rodolphe Saade said Monday. He said CMA-CGM’s revenue fell almost 30 percent in the first half of this year as shipping volume and tariffs fell during the global economic crisis. … [...] |
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