After months of decline, Fairview Terminal saw a significant jump in traffic last month.
The total tonnage handled by the terminal in November increased 16.69 per cent year-over-year, from 43,532 TEUs in 2012 to 50,798 TEUs in 2013, with imports climbing from 25,286 TEUs last year to 28,940 TEUs this year, an increase of 14.45 [...]
Louis Dreyfus announced in October a joint venture with Brooklyn Kiev LLC to develop and manage a multi-commodity terminal at the Ukrainian Black Sea port of Odessa.
As competition has intensified to secure farm-sector assets in response to rising global food demand, privately-held Louis Dreyfus has turned to bonds to support higher investments.
The Netherlands-based [...]
The Panama Canal is experiencing a strong grain shipping season with dry bulkers registering record grain cargoes during the first two months of the current fiscal year. New York Times file photo.
Based on the analysis by the Panama Canal’s Marketing Division, in October, a total of 5.2 million long tons of grains were [...]
While the U.S.-led TPP aims for the abolition of all tariffs, Japan wants to retain tariffs it imposes on five farm product categories including rice. The United States and other TPP members are putting strong pressure on Japan to further open up its agricultural market.
Japan’s minister in charge of the Trans-Pacific Partnership free trade [...]
Diana Shipping Inc.’s fleet currently consists of 35 dry bulk vessels. The Triton is a 75,336 dwt Panamax dry bulk vessel built in 2001.[/caption]Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that it has entered into a time charter contract with Bunge S.A., Geneva, through a separate [...]
Yara International ASA has entered into an agreement to acquire OFD Holding Inc. (OFD) from Omimex Resources Inc., for an enterprise value of USD 425 million. The acquired business comprises production facilities in Colombia and distribution companies across Latin America.
The main companies included in the transaction are Abocol (Colombia), Misti (Peru), Omagro (Mexico), Fertitec [...]
Proposed changes to the Farm Bill would dramatically reduce the amount of U.S. grain exported through federal aid programs, threatening thousands of jobs in the transportation sector — including ports.
Those opposed to the Senate farm bill’s major revisions of the U.S. food aid model say U.S. jobs and military readiness would be affected if [...]
Excerpts from National Public Radio:
ILWU Local 19 loading grain ship at the Port of Seattle’s Terminal 86. Port of Seattle photo by Don Wilson.
Over the past quarter-century, the Merchant Marine has hit one obstacle after another. Rising labor costs in the U.S. made U.S. mariners less competitive and environmental laws raised the [...]
[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 [...]
Parts of the nation’s $500 billion farm bill that Congress is considering would prohibit the government from disclosing some information about farmers or their employees, possibly preventing people from learning about nearby agricultural and large-scale livestock operations blamed for polluting water or soil.
“Members of the public have a right to know about agricultural and [...]
Locked-out ILWU members and supporters have taken their message to the water. Union members have been locked out by Japanese corporations Marubeni and Mitsui. Photo by ILWU Local 4
Excerpts from the Journal of Commerce:
A federal judge has found the International Longshore and Warehouse Union in civil contempt of court for ignoring an [...]
Foss Maritime made two big announcements this week. Click on the headlines to read the full articles:
Foss Maritime parent firm buys K-C site in Everett:
Kimberly-Clark Corp. has agreed to sell the site of its former waterfront mill to the Seattle-based parent company for Foss Maritime Co. Under the plan, some 250 skilled maritime [...]
Longview man cleared two years after joining longshore rally near railroad tracks
ILWU International President thanks community for solidarity
LONGVIEW, WA – More than two years after Jeff Washburn was arrested in Longview, Wash., during the ILWU’s 2011 struggle for good jobs, Cowlitz County prosecutors finally dismissed charges against him. Mr. Washburn, then [...]
While rivals like Cargill Inc and Louis Dreyfus Corp have been mainstays of the global sweetener trade for decades, grains-focused Bunge only entered in 2006, and began buying up sugar mills in Brazil a year later.
When Bunge Ltd bought five sugar mills in Brazil’s Sao Paulo state four years ago for $1.5 billion, [...]
From today’s Columbian:
Longshore workers have made the Pacific Northwest one of the most productive grain export regions in the world. Photo shows Mitsui-United Grain Corp. in Vancouver, WA.
Union dockworkers and grain-terminal owners in the Northwest, including United Grain Corp. at the Port of Vancouver, who’ve sparred for more than a year over terms [...]