In an article at [...]
From the Associated Press:
West Coast seaports could shut down in as soon as five days — hobbling U.S. trade with Asia — if dockworkers and their employers cannot reach a new contract, the head of a maritime association warned Wednesday in remarks intended to pressure an agreement after nine months of negotiations.
Without a [...]
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. [...]
Republicans, who now run Congress, say they want to cooperate with President Barack Obama and point to the administration’s Trans-Pacific Partnership, or TPP, as the model. The only problem is that the TPP would be a disaster.
The TPP is a Trojan horse in a global race to the bottom, giving big [...]
From the Journal of Commerce:
The U.S. Federal Maritime Commission will launch a website soon that will serve as a clearinghouse for port congestion surcharges, following industry confusion over planned U.S. West Coast surcharges, Commissioner Michael A. Khouri said Tuesday.
“The commission is gathering information from the carriers to compare announcements and actual tariff language [...]
SAN FRANCISCO, CA –On Monday, the Pacific Maritime Association (PMA), which represents over 70 multinational ocean carriers and maritime companies in contract negotiations with the International Longshore and Warehouse Union (ILWU), began a media offensive against the ILWU. PMA’s media offensive is designed to smear the union and to deflect responsibility from a growing congestion [...]
Federal regulators claim that three men used insider information to profit illegally from Arch Coal’s acquisition of International Coal Group.
Frank Tamayo schemed with two other men to generate more than $5.6 million in profits from 13 mergers and acquisitions, the U.S. Securities and Exchange Commission says in a lawsuit.
One of the transactions [...]
Two hundred and fifty Farmers Union members from across the country are in the nation’s Capital this week telling Congress to vote against the Trans-Pacific Partnership. South Dakota Farmers Union President Doug Sombke is heading up the state’s 25 member delegation. He says the current TPP under discussion doesn’t address the current trade deficit that’s [...]
The U.S. Federal Maritime Commission is unlikely to approve a proposed alliance between container-shipping giants Maersk Line and Mediterranean Shipping Co. before consulting with Chinese regulators, according to one of the agency’s commissioners.
FMC Commissioner William Doyle, one of the agency’s five commissioners, told The Wall Street Journal that he wants to consult with his [...]
Copenhagen-based Maersk Line and Geneva’s Mediterranean Shipping Company (MSC) submitted their 10-year agreement known as 2M with the US Federal Maritime Commission (FMC) on Wednesday local time. The scope of the deal will straddle trade routes from Europe to the US and into Asia.
The FMC will start a 45-day review period before a decision [...]
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