From World Maritime News:
One of the busiest container ports in the U.S., Los Angeles is selling about $340 million of debt, the most since 2009 so as to refinance debt and revamp port facilities, writes Bloomberg citing bond documents.
The announcement comes after a deadlock on contract talks between longshore workers and shippers.
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 [...]
The Port of St. Helens has suffered a second blow in its efforts to expand a marine facility to accommodate oil and coal exports.
The Oregon Land Use Board of Appeals upheld an environmental challenge to its plans to add more than 800 acres to its Port Westward property in Clatskanie on the lower Columbia [...]
From the Journal of Commerce:
A good peak season will lead to a shortage of containers, with the inventory of new boxes standing at less than two months of the required levels, Singamas chairman Teo Siong Seng said in Hong Kong.
Teo told reporters at the Singamas interim results briefing that the new container inventory [...]
From the Journal of Commerce:
The Port of Long Beach has resumed full cargo-handling operations after storm surges from Tropical Storm Marie subsided.
The port Wednesday suspended operations at two terminals due to 10- to 15-foot waves that battered south-facing piers and endangered dockworkers. The working of four vessels, including two Mediterranean Shipping Co. ships, [...]
Excerpts from the Columbian:
Union workers who handle cargo at grain export terminals in Vancouver and other Northwest ports have voted overwhelmingly to ratify a new collective bargaining agreement with several multinational grain companies, the International Longshore and Warehouse Union said Tuesday. The tally was 88.4 percent in favor, with 1,475 in favor and 193 [...]
Teams of assessors accompanied by soldiers and police have begun surveying properties along the route of Nicaragua’s planned interoceanic canal, taking quick steps toward the start of a vast project the country has dreamed of for more than a century.
But the process is alarming many residents, who say they fear they’ll lose their homes [...]
News release from the International Transport Workers’ Federation:
United States longshore workers who load grain in Pacific Northwest export terminals voted on 26 August to ratify a new collective bargaining agreement with several multinational grain companies.
ITF affiliate the International Longshore and Warehouse Union (ILWU) had accused the global grain giants of attacking an 80-year-old [...]
Excerpts from Agri-Pulse:
“This new collective bargaining agreement is welcome news for the workers and the three grain facilities that are part of the Northwest Grain Agreement. It is also great news for Washington’s internationally acclaimed grain industry,” said Washington Governor Jay Inslee in a statement.
“I am grateful that the lockout’s disruption to the [...]
From the Columbian:
The Port of Vancouver has agreed with Tesoro Corp. and Savage Companies — which now are pursuing their joint venture under the collective name of Vancouver Energy — to build an oil terminal that would transfer an average of 360,000 barrels of crude per day.
The proposal for an oil terminal [...]
Negotiations Continue on Other Issues
SAN FRANCISCO, CA (August 26, 2014) – The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) announced today that they have reached a tentative agreement on terms for health benefits, subject to agreement on the other issues in the negotiations. The parties have agreed not to [...]
Excerpts from the Journal of Commerce:
Without a finalized contract between the International Longshore and Warehouse Union and waterfront employers, shippers fear a labor meltdown — like the one in 2002 that shut down the West Coast for 10 days in a management-led lockout. The point was made in a letter from Retail Industry Leaders [...]
SAN FRANCISCO, CA (August 26, 2014) – Longshore workers who load grain in Pacific Northwest export terminals have voted to ratify a new collective bargaining agreement with several multinational grain companies. The vote included members of ILWU Local 8 in Portland, Ore., and Local 4 in Vancouver, Local 21 in Longview, Local 19 in Seattle, [...]
A “significant” amount of produce out at sea needs to be returned to its original senders after Russia imposed a ban on food imports from Western countries, a unit of A.P. Moller-Maersk said in a regular newsletter to shippers.
Russia imposed the ban earlier this month in retaliation against Western sanctions for its actions in [...]