From the American Journal of Commerce:
A noted trade expert is calling for an export resurgence to stimulate the U.S. economy. Dr. Walter Kemmsies said in Jack London Square last week that the Port of Oakland can help make it happen.
“Oakland supports exports,” the economist told an audience of 100 supply chain leaders gathered […]
ILWU ally Gordon Lafer helped Local 142 win a collective bargaining agreement with Pacific Beach Hotel in a multi-year struggle. His latest book discusses the powerful forces against America’s workers:
In the aftermath of the 2010 Citizens United decision, it’s become commonplace to note that politics has become dominated by a small slice of the […]
From Think Progress:
Earlier this month, Republican Reps. Steve King (IA) and Joe Wilson (SC) re-introduced a so-called right-to-work bill that would significantly hamper unions across the country and likely lower wages for all Americans.
On the campaign trail, President Trump said he is “100 percent” in favor of right-to-work laws.
So far, 27 states […]
From the Los Angeles Business Journal:
As Hanjin Shipping Co. finally sank Friday, the Port of Long Beach looked to a future without its most important cargo carrier and former lease-holder of its largest terminal.
A South Korean court declared Hanjin bankrupt Friday, officially ending the company’s 40-year history in the global shipping trade.
Opinion from the Workplace Justice Project and the Centro de los Derechos del Migrante in the Baltimore Sun:
President Trump campaigned on promises of higher wages and better jobs, but he has betrayed those promises with his nomination of fast-food chain CEO Andrew Puzder for secretary of the Department of Labor.
The Department of Labor […]
From Seatrade Maritime:
Maersk Line is the largest operator of former Hanjin Shipping vessels, but more than two-thirds of the vessels from the bankrupt company’s fleet remain inactive, according to Drewry.
Of Hanjin’s fleet of 98 containerships, with a capacity of around 610,000 teu when it filed for receivership on 31 August last year, 31 […]
Trump employees fight for union rights
Excerpts from Labor Notes:
With the election of Donald Trump as president and Republican majorities in both the House and Senate, we are entering a period of existential crisis for unions and our organized power. The coming months and years are going to call for a spirit of […]
Excerpts from the Journal of Commerce:
The Port of Seattle wants a financial guarantee for Terminal 46 lease payments.
The Northwest Seaport Alliance is attempting to block the sale of a terminal once owned by now-defunct Hanjin Shipping unless Mediterranean Shipping Co., the buyer, posts a security bond to protect the interests of the Port […]
From Hellenic Shipping News:
Container shipping costs, which radically plunged, now shows signs of recovery after the fall of Hanjin Shpiping Co. The strategy of Maersk Line, the world’s largest shipping group which cuts down shipping fees until its competitors fall down and pick fruit when they are liquidated, seems to be working. As […]
Excerpts from an article titled ‘New alliances, bigger ships put US ports on high alert’ in the Journal of Commerce:
US ports are facing what could be a historically challenging 2017 as changes in the rapidly evolving steamship industry — among them new alliances, consolidation, and escalating ship capacity — heighten the already vigorous competition […]
From the Seattle Times:
South Korea’s Hanjin Shipping, one of three major companies that calls on Seattle’s Terminal 46 near the stadiums, filed for bankruptcy protection at the end of August, worrying local retailers about the fate of their cargo. Hanjin had been delivering about three major shipments per week to the Port — nearly […]
Hanjin Shipping Co. has signed a contract to sell its stake in the largest terminal at the Port of Long Beach to Mediterranean Shipping Co.
Hanjin, which was South Korea’s largest cargo container carrier and the seventh-largest in the world before its Aug. 31 bankruptcy filing, owns 54 percent of the company that operates Long […]
From the Journal of Commerce:
Backed against a wall of deep losses and weak demand but emboldened by a doubling of spot rates since mid-2016, container lines are warning trans-Pacific shippers of significantly higher spot and contract rates next year. Shippers, however, aren’t convinced the fundamental drivers around pricing have changed, setting the stage for […]
The Washington Post has published the following opinion piece by Sen. Bernie Sanders:
Today, about 1,000 Carrier workers and their families should be rejoicing. But the rest of our nation’s workers should be very nervous.
In exchange for allowing United Technologies to continue to offshore more than 1,000 jobs, Trump will reportedly give the […]
The bankruptcy court spokesman said Korea Line offered higher prices than Hyundai Merchant Marine, but did not disclose the value of the potential deal.
South Korea’s Korea Line has been picked as the preferred bidder to buy the troubled shipper Hanjin Shipping’s Asia-US operations, beating Hyundai Merchant Marine, a spokesman for a Seoul court […]