Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Matson secures attractive new financing arrangements

Matson, Inc has entered into a private placement agreement pursuant to which Matson expects to issue $75 million of 30-year senior unsecured notes. The Notes will have a weighted average life of approximately 13 years and will bear interest at a rate of 3.92 percent, payable semi-annually, the company said in a press release.

The [...]

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Canadian government announces $22 million in spending to map Arctic sea floor

The Toronto Star reports that ”an audit by Canada’s environment commissioner in 2014 noted the area has been ‘inadequately surveyed and charted,’ with some Arctic maps dating back to the early 1970s. Canadian coast guard data indicates that between 2002 and 2013 there were about 100 small, mostly oil and gasoline spills in the [...]

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In a setback for Obama, negotiators fail to wrap up Pacific trade pact

High-level talks to forge a ­12-nation trade deal spanning the Pacific broke up Friday without resolving contentious disputes over Canadian dairy tariffs, the protection of cutting-edge drugs known as “biologics” and Japanese access to the North American automobile market.

Negotiators said they would continue to seek agreement over the coming months, but the failure to [...]

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NY-NJ port OKs clean-air measures amid criticism

The Port Authority of New York has agreed to several anti-pollution measures while it continues work on future phases of a program to replace older trucks at the East Coast’s largest port. But environmentalists aren’t content.

In an agreement with the U.S. Environmental Protection Agency, the port authority pledged to provide $200,000 to help replace [...]

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Matson to end Hawaii molasses operation, pay $15.4 million

The biggest shipping company serving Hawaii will end its molasses operation in the state and pay millions of dollars as compensation for spilling 1,400 tons of the sugary substance in Honolulu Harbor.

State Attorney General Doug Chin on Wednesday called the $15.4 million settlement with Hawaii-based Matson Navigation Co. one of the largest for an [...]

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ITF challenges HPH over Australia and Indonesia worker treatment

ITF news release

The ITF (International Transport Workers’ Federation) is challenging Hutchison Ports Holdings (HPH) over its behaviour at port facilities in Indonesia and Australia.

In Australia Hutchison Ports Australia (HPA) stands accused of using automation and forced redundancy to get rid of union members. In Indonesia HPH is aiming to take on a [...]

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Court rejects new bid to kill Jones Act by shippers in Hawaii hit by cabotage rules

From The Loadstar:

Another attempt to lift US cabotage restrictions was dismissed yesterday, when a court in Hawaii ruled against a class action brought by shippers against legislation which prohibits foreign companies from carrying US domestic cargo on ships.

Judges dismissed the action on the grounds that the claim was too broad to be able [...]

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US shippers, truck companies reap low fuel price benefits

If U.S. shippers feel less pain when it comes time to pay freight bills this year, they can thank the worldwide oil glut. With the third quarter under way, the very significant impact of the collapse in oil and fuel prices over the past year on U.S. freight transportation is clear.

By July 20, U.S. [...]

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Dual drayage system promises LA-LB shippers will have enough capacity

Los Angeles-Long Beach is moving slowly toward a dual system of drayage in which some drivers are becoming unionized employees, while others prefer to remain independent contractors. Eventually, the result could be a sufficient pool of drivers to serve the 13 container terminals in the largest U.S. port complex, resulting in service and pricing consistency [...]

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Long Beach Harbor Commission elects officers

Lori Ann Farrell Harrison succeeds Doug Drummond as Commission President.

The Long Beach Board of Harbor Commissioners elected Lori Ann Farrell Harrison as its new Board President on Monday.

The five-member Harbor Commission, which oversees the Port of Long Beach, also selected Lou Anne Bynum as Vice President and Tracy Egoscue as Secretary. The Commission [...]

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Matson overhauling Its Alaska Operations

Photo from Matson’s web site offering service to Alaska. Matson has earmarked more than USD 30 million to invest in new equipment planned by Horizon prior to its acquisition.

U. S. carrier Matson, Inc. is pushing ahead with its plans to fund improvements in its new Alaska operations following its acquisition of Horizon Lines’ [...]

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‘Monsanto’s dream bill’: DARK Act And Trans-Pacific Partnership will keep consumers ignorant

Activists who fear genetically modified ingredients could present safety hazards in the food supply have waged a successful campaign to pressure multiple states to enact GMO labelling laws. But the DARK Act and TPP could undo all the hard work of food safety activists.

It’s called the Safe and Accurate Food Labelling Act of 2015, [...]

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Vancouver BC to install shore power for container ships

Funding for the installation of shore power facilities for container vessels at two Port Metro Vancouver container terminals has been announced by the Canadian government and Port Metro Vancouver officials.

Shore power reduces emissions by allowing vessels to draw power from the local electrical grid and thereby turn off their diesel engines while in port. [...]

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Arch Coal’s future Gets Darker

In an article titled ‘Arch Coal’s future gets darker,’ the Wall Street Journal reports:

The combined value of Arch and rivals Peabody Energy Corp. and Alpha Natural Resources Inc. is barely $400 million. Other miners have filed for bankruptcy protection, a fate likely to befall some more.

Big Coal is at once a faint shadow [...]

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New Suez Canal trial starts; 6 ships cross in both directions

BBC photo from Saturday’s event at the Suez Canal.

The first trial operation of the new Suez Canal started Saturday morning, with six large ships crossing in both directions, Youm7 reported.

The trial operation aims to assure that the canal allows ships with different sizes and drafts to sail.

The executive agency that manages [...]

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