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.

Egypt plans to dig new Suez Canal costing $4 billion

Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project to expand trade along the fastest shipping route between Europe and Asia.

The new channel, part of a larger project to expand port and shipping facilities around the canal, aims to raise […]

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Russia bans Western food imports in Ukraine sanctions retaliation

Moscow banned imports of most food from the West on Thursday in retaliation against sanctions over Ukraine, a stronger than expected measure that isolates Russian consumers from world trade to a degree unseen since Soviet days.

Russian share prices fell after the announcement of Moscow’s one year ban on all meat, fish, dairy, fruit and […]

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