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.

ILWU Local 21 helps collect 66,000 pounds of food to fight hunger

From The Daily News:

The Food Fight Against Hunger, a month-long food drive spearheaded by eight local organizations, collected a whopping 66,300 pounds of food for the Help Warehouse food bank, organizers reported last week.

The drive, which closed Oct. 31, “was a tremendous effort on the part of all the teams, and great timing, […]

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Hapag-Lloyd’s profit falls on ‘very disappointing’ freight rates

Hapag-Lloyd AG said third-quarter profit fell almost 64 percent as Europe’s fourth-largest container-shipping line confronted low peak-season freight rates.

Net income dropped to 16.6 million euros ($22.3 million) from 45.6 million euros a year earlier, the Hamburg-based company said in a statement. The average freight rate declined more than 10 percent to $1,476 per standard […]

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Marubeni cuts Gavilon’s profit outlook due to U.S. drought

[Note: Marubeni, owner of Columbia Grain in Portland, purchased Gavilon, part owner of Kalama Export, in July.]

Marubeni Corp. (8002), a Japanese trading company that closed its biggest takeover of Gavilon Group LLC in July, cut its profit estimate for the U.S. grain collector by almost two-thirds this year.

Due to the continuing impact of […]

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