Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Orient Overseas Posts First Loss in 11 Years on Trade

Orient Overseas (International) Ltd., Hong Kong’s biggest container line, posted its first annual loss in 11 years after volumes and rates plunged. The $402.3 million net loss in 2009 compared with a net income of $272.3 million a year earlier, the company said in a Hong Kong stock exchange statement today. Sales plunged 33 percent […]

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Better second half stems losses at OOCL parent co.

OOCL in San Francisco

Orient Overseas International Limited, parent of containerline OOCL, reported full year results heavily in the red today, but still performing better than its peers. The Hong Kong containerline recorded a 2009 net loss of US$402m, compared to 2008’s $114m net profit. While the second half was far stronger than the […]

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Port of Tacoma takes $10 million hit to sell Maytown property

Click on the Mayfield map to read the complete News Tribune article.

The Port of Tacoma is finally selling its Maytown property – at an initial loss to the agency of $10 million – to company that plans to mine the site for gravel. The port commission voted today to authorize the sale of […]

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Riverside Request To Shut Down LA Port Project Rejected

A Superior Court Judge has rejected a request from the City of Riverside, CA, that would have shut down work on expansion of the China Shipping Terminal at the Port of Los Angeles and forced the port to redo its Environmental Impact Report. In its lawsuit brought against the port, Riverside argued that expansion of […]

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