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.

Taiwanese shipping company Yang Ming agrees to use Piraeus as trade terminal

Taiwanese container shipping company Yang Ming Lines announced on Monday it has agreed to start using the installations of Piraeus Container Terminal (PCT), the local subsidiary of China’s Cosco, as a transfer terminal for the wider region of the Mediterranean and the Black Sea, its representative in Greece said.

Arkas Hellas, which represents the Taiwanese […]

FacebookEmailShare

Cargill monitoring unrest in Ukraine as insurgency intensifies

Cargill Inc. is monitoring the unrest in Ukraine, the world’s third-largest corn exporter, as an antigovernment insurgency intensifies.

Cargill’s grain-export operations haven’t been affected, its Kiev office remains open and no employees have been directly affected by the unrest, spokeswoman Corinne Holtshausen said yesterday in an e-mail. The Minneapolis-based crop trader and processor, the largest […]

FacebookEmailShare

Commodity trader Louis Dreyfus ties up 500 mln euro bond issue

Louis Dreyfus announced in October a joint venture with Brooklyn Kiev LLC to develop and manage a multi-commodity terminal at the Ukrainian Black Sea port of Odessa.

As competition has intensified to secure farm-sector assets in response to rising global food demand, privately-held Louis Dreyfus has turned to bonds to support higher investments.

The Netherlands-based […]

FacebookEmailShare

ICTSI terminal on Black Sea goes live with terminal operating system

Tideworks Technology has announced that the Batumi International Container Terminal (BICT) has successfully deployed Tideworks’ Mainsail Vanguard as its new terminal operating system (TOS).

In addition, BICT, located in Adjara, Georgia on the Black Sea and operated by International Container Terminal Services Inc. (ICTSI), has installed Forecast, Tideworks’ port community web portal, and Traffic Control, […]

FacebookEmailShare

Maersk-Linked Company Could Win Monopoly over Russian Container Shipping

Denmark-based Maersk Group’s APM Terminals owns more than 25% of Global Ports Investments (GPI), with Russian partners, and GPI is hoping to acquire the National Container Company (NCC), giving the group control over the majority of Russian container shipping in the Black Sea, the Baltic Sea, the Gulf of Finland and the Arctic.

Analysis: The […]

FacebookEmailShare

Turkey Canal Plan Hinges on Election

Turkey’s prime minister envisions building a second waterway through Istanbul, just west of the existing Bosphorus Strait.

Turkey’s bold plan to build a canal to divert shipping from the heavily congested Bosporus Strait will be put to the test after the country’s general election on June 12.

The 31-mile long waterway linking the Black […]

FacebookEmailShare

Turkey to Build Its Own ‘Panama Canal’

Turkey will build a new strait connecting the Black Sea with the Marmara Sea to reduce traffic in the Bosporus, one of the world’s busiest and most dangerous shipping lanes, Prime Minister Recep Tayyip Erdogan said.

The prime minister announced his plan Wednesday in the midst of a re-election campaign, comparing the project’s importance with […]

FacebookEmailShare

APM Terminals Buys Control of Black Sea Port

APM Terminals moved into the fast expanding Black Sea container market with the acquisition of a majority stake in Georgia’s Poti Sea Port.

The company bought an 80 percent stake in Georgia’s biggest port from Ras Al Khaimah Investment Authority of the United Arab Emirates.

From the Journal of Commerce

FacebookEmailShare