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.

Falling bunker prices saving shipping industry $117 million daily, BIMCO says

From the Journal of Commerce:

The international shipping industry is only spending 0.1 percent less on bunker fuel than it was 24-weeks ago, but that fluctuation equates to big savings: $117 million daily.

For an 8,000 TEU ship, the savings amount to about $20,000 per day, per ship. Ships of that size consume about 225 […]

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Union says West Coast ports won’t shut down, others not so sure

Excerpts from the Puget Sound Business Journal:

West Coast ports may be slower, but they will not shut down during the holiday season.

That’s according to Craig Merrilees, spokesman for the International Longshoreman and Warehouse Union.

“Nobody wants to shut down the ports,” Merrilees said. “Nobody on either side of the negotiating table is talking […]

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Trucker strike at ports of L.A. and Long Beach ends

Striking truck drivers from two companies agreed Friday to return to work, organizers said, ending a nine-day trucker protest at the ports of Los Angeles and Long Beach.

The two struck companies — Pacer International Inc. and Harbor Rail Transport — said in statements that they would not retaliate against drivers who walked off the […]

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Maersk establishes captive insurance company

Maersk has joined a large number of companies and established its own insurance company to handle its own risk management. Doing so allows the company to cut its insurance costs by one third, saving 600 million kroner annually.

“We have a great balance, so we absorb a lot of risk on our own,” Lars Henneberg, […]

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