The fate of more than 30 crew aboard a cargo ship missing off the Bahamas in heavy seas whipped up by Hurricane Joaquin was unknown on Friday as the storm battered the island chain for a second day. News the vessel had lost contact with shore came as forecasters shifted the likely track of [...]
From the Huffington Post:
The National Education Association, the nation’s largest union, endorsed Democratic presidential candidate Hillary Clinton on Saturday.
The union’s campaign arm had indicated that it was recommending the endorsement earlier this week, as Politico first reported. Members of the 3-million-strong union who support Clinton’s main rival for the Democratic nomination, Sen. [...]
For years, scientists have obsessively monitored Arctic sea ice: how it expands in the winter months and how much of it shrinks in the summer. Now, a study that zeroed in on a big chunk of the Northwest Passage, says sea ice there remains too thick and treacherous to be a regular commercial shipping route [...]
From the Wall Street Journal:
Maersk Line, a unit of Danish shipping and oil conglomerate A.P. Moller-Maersk , said it would equip 290,000 of its refrigerated containers, known in the industry as reefer boxes, with the AT&T technology. The containers will be equipped with a temperature SIM card, a GPS unit and a radio and [...]
Maersk Line has inked contracts with Germany’s Bernhard Schulte Shipmanagement (BSM) and Denmark’s E.R. Schiffahrt to manage six boxships each, all of them between 2,500 and 11,000 teu, in a benchmarking exercise.
Each shipmanager will handle crewing, technical operations, safety performance, environmental performance and energy efficiency on six Maersk vessels. E.R. Schiffahrt said that its [...]
Weaker commodity markets led to a halving of first-half profit at Louis Dreyfus Commodities B.V. , but the global trading group said its growing volumes showed food could withstand economic pressures better than other raw materials.
Louis Dreyfus, like traditional rivals Archer Daniels Midland, Bunge and Cargill that dominate trading in agricultural commodities, has been [...]
On Thursday heightened volatility was witnessed in the Mosaic Company which led to swings in the share price. They set a market perform rating and a $44.00 price target on the stock. Mosaic has been losing ground for the past week and a half and sank to a new low for the year. The fertilizer [...]
DP World transhipment hub, Dominican Republic
The DP World Caucedo transshipment hub in the Dominican Republic is moving forward with upgrades to accommodate the larger vessels that will be able to traverse the expanded Panama Canal next year and provide shippers with more warehouse capacity.
With a limited number of U.S. East Coast and [...]
Port of Oakland
Port of Oakland news release:
Operating revenue at the Port of Oakland reached an all-time high in Fiscal Year 2015. The Port has reported $336.6 million in revenue for the year ended June 30. That was up 4.2 percent from the previous year.
“The result is encouraging, given the challenges [...]
From the Journal of Commerce:
A new rule protecting U.S. truck drivers from dispatchers and others who encourage them to violate federal regulations to meet unrealistic delivery deadlines may be on the books as soon as next month, according to the Federal Motor Carrier Safety Administration. But an FMCSA official and at least two shipping [...]
Environmental teams from the Port of Los Angeles and Port of Long Beach will hold a joint community workshop on Oct. 14 to gather input on the next update of the Clean Air Action Plan (CAAP). Initially adopted in 2006 and updated in 2010, this historic environmental plan called for aggressive strategies that have proved [...]
Ambition has become a scarce commodity at the top end of mining.
Projects are being been delayed, expansions shelved, exploration stalled, assets sold and expenditures deferred.
Nowhere is this thrown in sharper relief than at BHP Billiton, the world’s largest mining company, by a wide (if declining) margin.
The Melbourne-based giant released [...]
One of the most significant global issues over the past 10 years is the vast changes in the Arctic region. The world has again turned its attention to the Arctic, this time mainly because of the climate effects in the Arctic, the economic potential of the region, and the geopolitical implications of changes in the [...]
Staff at a major Los Angeles warehouse serving Amazon and other big retailers went on strike Tuesday, protesting unpaid wages and overtime, dangerous conditions, a lack of breaks and water during hot summer months, and retaliation by management against their organizing efforts. The strike continued on Wednesday.
The stoppage is the latest tactic in [...]