From Hawaii News Now:
In economics, when someone loses, someone else wins. But it’s still astonishing to note that the West Coast longshore contract drama, which snarled shipping, helped Matson Inc.
In an article titled ‘US West Coast ports busy, struggling with backlog’:
Most West Coast U.S. ports have been busy since Friday, when negotiators reached a tentative settlement in a nine-month labor dispute and work slowdown.
The cargo is moving again, but long-term problems at the ports must be addressed, said transportation analyst Tom O’Brien [...]
Excerpts from a Journal of Commerce titled ‘Long recovery ahead for West Coast ports in aftermath of settlement’:
The tentative coastwide contract agreement that was reached Friday evening by the International Longshore and Warehouse Union and the Pacific Maritime Association, while most welcome, is just the beginning of a long process West Coast ports [...]
From The Loadstar:
Aggressive scrapping, a dearth of newbuilds and port congestion has given the Panamax containership sector a welcome boost and pushed daily charter rates to their highest level in four years.
Meanwhile, the current port congestion crisis afflicting the US west coast is providing a further boost to the sector. Although Panamax ships [...]
From the Maritime Union of Australia:
Port privatisation will short-change Territorians and result in job losses, according to the Maritime Union of Australia.
MUA Northern Territory Branch Secretary Thomas Mayor urged Adam Giles to reconsider his stance on port privatisation, adding that selling, or leasing profit-making assets was a short-sighted mistake that would cost tax [...]
Excerpts from PBS:
ALISON STEWART: Right now, there are 29 ports affected from Southern California up to Washington State. And the backlog has been its worst in the past week, since this whole thing started.
So, what does that mean for an average consumer?
CHRISTOPHER THORNBERG: Not much at this particular point in time.
Excerpts from a Daily News article titled ”JH Kelly in line for Haven’s propane terminal contract”:
Despite local trade labor’s support, ILWU Local 21 expressed concerns about the nature of the permanent jobs, rail congestion and the safety and location of the terminal.
“We have concerns about an upstart company storing (millions of gallons) of [...]
Longshore workers who documented empty terminal space to debunk the employers’ claim of congested docks have had their photos published widely. Acknowledging that it was ‘thousands of miles away,’ The Loadstar in the UK wrote in an article titled ‘West coast port congestion: Crisis, what crisis? asks dockworkers’ union (in pix)’:
WASHINGTON, DC (Feb. 12, 2015) – Today, Congressman Ted W. Lieu (D-Los Angeles) issued the following statement regarding the continued closure of the Long Beach and Los Angeles ports by the Pacific Maritime Association (PMA). PMA announced this morning that ships at Southern California ports will not be unloaded on Thursday, Saturday, [...]
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From a KGO article titled ‘Commerce Secretary Pritzker addresses West Coast port slowdown’:
U.S. Secretary of Commerce Penny Pritzker was in San Francisco taking a tour of a company called Dodocase [...]
In a Journal of Commerce article called ”Debate erupts over damage to ag exports from the West Coast labor standoff”:
There is no question that exports are being hurt due to port delays stemming from the months-long, acrimonious and still-unresolved negotiations between West Coast dockworkers and management. The media have been filled since late [...]
From the Portland Business Journal:
The International Longshore and Warehouse Union on Tuesday blamed ICTSI Oregon Inc. — the company hired to manage the Port of Portland’s sole container terminal — for the departure of the port’s largest shipping service, Hanjin Shipping.
“Hanjin’s stated departure from Portland rests solely on ICTSI’s inherent refusal and failure [...]
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