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.

STX Pan Ocean Expects $6.7 Billion in Sales This Year

STX Pan Ocean Co. said it aims at $6.7 billion in sales this year and operating profit of $220 million. Company spokesman Lim Wang Joo confirmed an earlier report by the Korea Economic Daily, which cited Bae Seon Ryung, the shipping company’s president.

From Bloomberg

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Nadler Reintroduces Clean Ports Act

Rep. Jerrold Nadler reintroduced his bill, the Clean Ports Act, to give ports more authority over drayage operations. The New York Democrat introduced the measure last year but Congress did not act on it, so he is now offering it again.

Under current law, states and local authorities such as ports are barred from regulating […]

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China and Colombia announce ‘alternative Panama Canal’

Trade between Colombia and China has increased from $10m in 1980 to more than $5bn last year.

The plan is to create a “dry canal” where the Pacific port of Buenaventura would be linked by rail, across Colombia, to the Atlantic Coast.

The announcement came from the Colombian president, Juan Manuel Santos, who told […]

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