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.

Four terminals in Argentina stop following death of port worker

Our profound condolences go out to the family, friends and colleagues of Brother Pedro Fita, who was killed when glass fell from a crane and pierced his helmet. We are hoping for a full recovery for his co-worker who was also seriously injured. SUPA union officials say work stopped for 24 hours at terminals in […]

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Philippine port operator ICTSI’s profit hit by Argentina woes

International Container Terminal Services (ICTSI) said Tuesday that net profit slipped 3% to $46.4 million for the second quarter of 2016 as expenses related to Argentine operations offset improved revenue.

The Philippine company, which runs around 30 midsize ports worldwide, did not elaborate on the situation at its TecPlata port in Buenos Aires. Business News […]

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ICTSI cuts 90% of Argentine workforce

A total of 120 workers received termination letters. Only management remains.

TecPlata, the Buenos Aires province-based unit of International Container Terminal Services (ICTSI), is reducing its workforce by 90%, according to local news outline La Política Online.

Located at the La Plata port in the Berisso municipality, TecPlata has yet to secure shipping […]

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Philippine port operator ICTSI aims to outpace its global peers

ICTSI’s first attempt at operating in the United States has resulted in crippling problems at Terminal 6 in Portland.

With 30 port concessions in 20 countries across six continents, International Container Terminal Services is the most globalized Philippine corporation by geographical scope.

Compared to its global peers, however, ICTSI still has a ways to go. […]

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PSA sees opportunities in Latin America

Global container terminal operator PSA International’s head for Latin America Enno Koll is confident that the region offers opportunities to port operators now that the Panama Canal expansion inauguration is less than 10 months away.

“Increased consumption is likely to lead to more transshipment and destination cargoes. We see certain countries on the West Coast […]

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Strike paralyzes Argentine grains port for 2nd day

Port of Rosario, Argentina

Excerpts from Marine Link:

Argentina’s grains hub of Rosario was paralyzed on Thursday by the second day of pay strikes by unions representing stevedores and other workers needed to dock and load recently-harvested soy and corn, union and management spokesmen said.

Flash work stoppages are common in Argentina, where workers […]

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Protests at key Argentina port cause headaches for exporters

Workers at the Port of Rosario — home to Cargill, Bunge and Louis Dreyfus operations — handle nearly 80 percent of the grains and derivatives shipped from Argentina, the world’s top soymeal and soybean oil exporter.

A spike in shipping costs and lower profits resulting from a series of union protests at Argentina’s Rosario port, […]

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ICTSI to spend $150 million developing Honduras port

International Container Terminal Services, Inc. (ICTSI) plans to spend about $150 million in the next five years to develop the port in Puerto Cortes, Honduras, a senior company official said recently.

Last February, the Razon-led port operator was awarded a 30-year contract for design, financing, construction, maintenance, and operation of the Puerto Cortes facility, which […]

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East Coast of South America’s Largest Vessel Ever Calls APM Terminals’ Buenos Aires Terminal 4

The 9,700 TEU capacity vessel is equipped with 2,100 reefer plugs, making these the largest reefer capacity ships in the global fleet.

On July 25th the largest vessel to ever call the Port of Buenos Aires, the 332 meter-long Hamburg Süd Cap San Nicholas, discharged approximately 800 containers at the APM Terminals Terminal 4 facility.

[…]

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ICTSI 1Q Net Profit up 15% on Year on Revenue, Cargo Growth

International Container Terminal Services Inc. (ICTSI) said Thursday that its first-quarter net profit rose 15% from the year-earlier period, boosted by double-digit growth in its revenue and cargo volume.

ICTSI said net profit in the January-March quarter rose to $40.7 million from $35.4 million in the year-earlier period, while total revenue increased 20% to $209.3 […]

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Grain-Carrying Panamaxes Extend Gains on South American Cargoes

Brazil is set to overtake the U.S. as the biggest soybean exporter this year, according to data from the U.S. Department of Agriculture.

Rates for Panamax ships hauling cargoes from crops and coal rose the most in nearly six weeks as demand gained for grain and oilseeds from South America.

Rates for the largest ships […]

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Changing Corn Export Patterns: Ten Year Outlook

A recent U.S. Grains Council Chart of the Week shows the U.S. Department of Agriculture’s (USDA) projections for changes in corn export patterns over the coming ten years based on the recently released USDA Agricultural Long-Term Projections to 2022. The United States, former Soviet Union, Argentina, and South Africa are expected to increase export […]

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Obama VS. Romney for Latin America: Carrying or Swinging the “Big Stick”

A columnist examines what a different election outcome would have meant for democracy in Latin America:

While Obama’s stance toward Latin America has been far from progressive recognizing coup governments of Honduras and Paraguay; signing free trade agreements with Colombia, Panama, and Peru; and dragging feet on immigration reform – it is the “diet” imperialism […]

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Argentina excludes Bunge from Cereals Register amid tax probe

Bunge Ltd. (BG), Argentina’s second- biggest exporter, was excluded from the Cereals Register by the Argentine government amid a tax probe, the Official Gazette said today, without elaborating.

Being excluded will postpone Bunge’s readmission later, a tax agency official who asked not to be identified because of the agency’s communications policy, said in a telephone […]

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Bunge earnings double as drought alters grain trade

Bunge has taken advantage of the unusual trading patterns caused by poor global weather, shipping corn to the United States from Brazil and exporting the grain from Ukraine.

Bunge Ltd shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. […]

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