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.

Keystone bill passes: Without McCain's Jones Act repeal amendment

Despite his amendment not being included, Senator McCain voted in favor of the bill.

The U.S. Senate yesterday voted 62 to 36 to pass a bill to permit construction of the Keystone XL pipeline, but declined to tack on an amendment by Senator John McCain that would have repealed the domestic shipbuilding requirement of the […]

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Container truckers protest Port Metro Vancouver’s licensing decisions

Hundreds of transport trucks wound their way along Knight Street in Vancouver Wednesday, Jan. 28, 2015 in protest as part of an ongoing labour dispute with the Port Metro Vancouver.

Trucker Jurjit Dulay was protesting Wednesday because he’s out of work — along with about 600 other drivers, as well as mechanics and staff, […]

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Environmental groups target Port of Seattle plan to lease Terminal 5

A coalition of national and state environmental organizations is threatening to go to court to stop the Port of Seattle from leasing Terminal 5 to Foss Marine and become the home port of Shell’s Arctic oil-drilling fleet.

In a letter to the Port, the coalition calls on the commissioners to halt lease negotiations and allow […]

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FMC leader on congestion: West Coast ports were not ready for megaships

From a Port Technology article called ‘Federal Regulator Lambasts US Congestion’:

Congestion at US West Coast ports is to continue long after any industrial disputes are resolved because of problems handling the massive capacities of mega-ships and navigating the timetables of new shipping alliances a US Federal Maritime Commission regulator has warned.

Chairman of […]

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COSCO Secures U.S.$1.75 Billion Credit Line for New Building Scheme

The China Exim Bank has provided a total of CNY580Bn loan to the Chinese shipbuilding sector since its foundation in 1994, and funded 9,637 ships with a total contract value of $197.7Bn.

China’S COSCO group has secured $1.75 billion financial agreement with Export-Import Bank of China (China Exim Bank) for its newbuilding programme.

The loan […]

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Evergreen charters 11 ultra-large containerships

Evergreen Group has agreed to charter eleven 18,000-teu containerships from Japan-based shipowner Shoei Kisen Kaisha.

The charter agreement was signed between the two companies this week, and includes the six 18,000-teu units chartered in December by Evergreen Marine Corp.

Evergreen has a total of 66 vessels of 8,500-teu and over that are in the in […]

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Survey finds rail service improving for US grain exporters

The JOC reports that the recent energy boom has meant grain handlers are facing stiff competition for rail service with the crude oil sector.

Excerpts from the Journal of Commerce:

Steenhoek could think of a few factors contributing to improved rail service.

In the first place, he said, 2014 saw a longer harvest, giving […]

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Bulk carrier detained in Australia; ITF alleges seafarers were forced to unlash containers at sea

”In this instance they were lucky there was no major incident,” International Transport Workers’ Federation Australia coordinator Dean Summers said. ”In a worst-case scenario, the shifting cargo could have caused the ship to sink by compromising its stability.” VesselTracker photo.

A Hong Kong-based bulk carrier has been detained in Newcastle following allegations that its crew […]

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Japan’s Marubeni halves profit outlook on oil price slide, Gavilon

Japanese trading house Marubeni Corp halved its annual profit forecast on Monday after plunging oil, copper and coal prices weighed on its resource assets and it booked an impairment charge for its grains unit Gavilon.

Like international oil majors and mining companies, Japan’s trading companies have been caught flat-footed by the rout in commodities, with […]

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Trans-Pacific Partnership (TPP): Fast Track not a done deal, the people will stop it

From Truth-Out:

The corporate media are reporting that since the Republican leadership and President Obama support Fast Track trade authority, it is a done deal. And that message, also heard by countries negotiating the Trans-Pacific Partnership (TPP), is driving the race to finalize that agreement.

The truth is: Fast Track is not a done deal. […]

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ICTSI shores up $300m perpetual bond

International Container Terminal Services (ICTSI) sold a $300 million hybrid note callable in year 4.25 on Thursday evening, the company’s maiden senior perpetual offering and also Asia’s first this year.

The Philippine port operator — controlled by billionaire Enrique Razon — priced the offering at a yield of 6.375%, which is around 12.5bp tighter than […]

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Expanding capacity, bigger ships to test European ports this year

The first big event of the year will be the February rollout of the world’s first fully automated container terminal in Rotterdam, which threatens to unleash a rate war across the Le Havre-Hamburg range as carriers leverage the added capacity to beat down handling charges.

Europe’s ports face a rocky ride in 2015, dominated […]

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Maersk Line will continue to slow-steam despite falling bunker prices

Maersk Line will not stop slow-steaming despite falling oil prices making it more economically viable to speed up ships, Joc reports.

According to a Maersk Line spokesman, “A move away from the current slow-steaming approach would entail a fundamental change to the network.”

But with port congestion said to have been an issue in […]

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Winning Shipping in deal with Cargill, Bunge to move bauxite on Capesize: sources

Bauxite export facility at Cabo Rojo, Dominican Republic.

Winning Shipping has fixed a contract of affreightment deal with ship-operator Cargill Shipping and Bunge Shipping to move 1.52 million mt of bauxite from the Dominican Republic to China over 2015, sources familiar with the matter said Wednesday.

Cargill and Bunge will each move four 190,000-mt cargoes […]

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Farmer takes office as IANA chair

Katie Farmer, group vice president of consumer products at BNSF Railway, has taken office as the first woman to chair the Intermodal Association of North America’s board of directors.

Farmer succeeded Phil Shook, director of intermodal at C.H. Robinson, who remains on the board.

Trucker Kevin Lhotak, president of Reliable Transportation Specialists, Inc., was named […]

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