A Japanese company and the U.S. subsidiary of another are proposing to ship tropical vegetable oils to the Port of Hueneme and process them in Oxnard in an operation that would pump $20 million into the local economies each year.
Fuji Oil Col Ltd., based in Osaka, Japan, and New York-based Itochu International, a subsidiary [...]
The Holland America liner, the Oosterdam, will cease its cruises out of San Diego in 2012.
The redeployment of Holland America’s Oosterdam, which makes seven-day cruises to Mexico, marks the third ship to leave San Diego waters in the wake of a prolonged economic downturn and rising violence in Mexico. The net effect has [...]
Evergreen Marine Corp., the listed unit of Asia’s biggest container line, posted a fourth straight quarterly profit as the global economic recovery boosted shipping volumes.
Net income was NT$1.31 billion ($46 million), or 41 cents a share, in the first quarter, compared with a net loss of NT$87 million, or 3 cents, a year earlier, [...]
With oil prices at 2 and a half year highs, bunker fuel prices for ships have also been rising. That’s forced shippers to resort to slow steaming to save costs. Nils Andersen, Group CEO of Danish shipping and oil titan AP Moller-Maersk, tells CNBC’s Christine Tan the world’s largest container shipping company has managed to [...]
Using a creative campaign Rite Aid workers were able to force management to sit down at the table and bargain with them. Workers started by attending yearly stockholder meetings and opening lines of communications with stockholders and board members. They released detailed reports about how much money the union busting efforts of Rite Aid was [...]
Bunge Limited said its first quarter net income more than tripled as high global crop prices boosted sales at its grain merchandising division.
The agribusiness company said net income for the quarter was $232 million, or $1.49 per share, compared to $63 million, or 31 cents per share, during the same period a year ago.