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.

Panamá cree que puerto del Callao se encamina a ser el hub de Sudamérica

The ILWU Coast Longshore Division has assisted SUTRAMPORPC, the dockworkers union at Callao, in protecting and utilizing their collective bargaining rights.

ENGLISH SUMMARY: Panamanian officials say that the Port of Callao, Peru, is positioned to be the major transhipment hub of South America due to its location on the continent and the country’s investments […]

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Cosco and China Shipping report losses

Two major carriers reported losses this week. Click on the headlines to read the full articles in the Journal of Commerce:

Cosco Loses $325 Million, Reverses Year-Earlier Profit China Cosco Holdings, battered by weak bulk and container shipping markets, reported a third quarter loss $325 million, reversing a $331 million profit a year earlier.

China […]

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Bunge Ltd. 3rd-quarter profit falls 32 percent

Bunge Ltd. said Thursday that its third-quarter net income tumbled 32 percent as its agribusiness, sugar and bioenergy, and milling products units turned in lower-than-expected performances.

The White Plains, N.Y., agribusiness company, which sells and purchases huge amounts of grain, said it made $132 million, or 89 cents per share, in the quarter ended Sept. […]

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