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.

Foreign competitors increasing spending on ag exports

https://www.hoosieragtoday.com/foreign-competitors-increasing-spending-ag-exports/”>More at Hoosier Ag Today“>From NAFB News Service:

Foreign countries that compete with the U.S. for world market share are increasing their spending on promoting ag exports. Several countries, as well as the European Union, spent close to $1 billion in public funds on ag export promotion in 2016. Studies are showing those countries […]

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Brazil drops railway to the Pacific for China exports, citing costs

From Reuters:

Brazil has shelved a planned railway to ship commodities destined for China through Peru as it was too costly and faced “absurd” engineering challenges, a Brazilian official said.

The 5,000-km (3,300-mile) railway over the Andes to the Pacific coast, announced during a visit by President Xi Jinping in 2014, was meant to speed […]

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Maersk Line set to reflag Hamburg Süd containerships away from Germany

From The Loadstar:

Maersk Line confirmed last week its intention to reflag a number of Hamburg Süd vessels, including 10,600 teu flagships Cap San Juan, Cap San Lazaro and Cap San Vincent, to either Danish or Singapore registration early next year.

The decision – which it said was in line with Maersk Line’s “flagging strategy” […]

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China wants to build railway through Brazil for access to ag products

From Folha de S.Paulo:

The China Railway Construction Corporation (CRCC), which is one of the biggest railway companies in the world, is considering the possibility of heading a consortium that would build the East-West Integration Railway (Fiol), connecting it to the port of Ilhéus (Bahia). Only a short stretch of the railway is currently operating.

[…]

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Striking Santos dockers accuse terminals of using foreign labor

Striking dockworkers at the Port of Santos, Brazil.

From Journal of Commerce:

Angry dockers in Santos that are disrupting operations at four Santos container terminals have stepped up their rhetoric ahead of a decision from a regional labor court by claiming foreign workers are handling cargo.

A statement from a lawyer representing Sindestiva said […]

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The British are coming — with cheap wheat exports

The United States is about to import the largest wheat cargo from the U.K. in more than two decades as a combination of ample British supply, a weaker pound and rock-bottom freight rates make the unusual trade viable.

It’s unusual for the U.S. to import large quantities of wheat, not least because it’s the third-biggest […]

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Maersk containership runs aground at Brazilian port

A Maersk Line containership, the 8,402 teu Maersk Saigon, ran aground yesterday afternoon while at the port of Santos in Brazil.

Maersk Line confirmed the grounding to Splash stating: “Maersk Saigon was grounded during her departure manoeuvre at the BTP Terminal in Santos, Brazil. The vessel’s crew is safe and no one was injured.”

The […]

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Ore drops to record low in Asia, shipping index plunges

Iron ore contracts in Asia slumped to records amid speculation that mills in China are reining in steel production as they battle losses, slumping prices and tighter credit, hurting demand for the raw material that’s mainly shipped from Australia and Brazil.

“Steelmakers are going through a very difficult time and a number of them have […]

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Two dozen missing in BHP Billiton, Vale Brazil mine disaster

As rescue crews worked during the weekend, Brazilians once again raised longstanding questions about the regulatory rigor and the health and environmental risks of mining, one of the country’s biggest industries and a key driver of exports.

Brazilian authorities late on Saturday were investigating a second suspected death after two dams at a major mine […]

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MSC convicted of treating crew members 'like slaves'

From Cruise Law News:

According to Defonsoria Publica Da Uniao, in 2014 eleven crew members were “rescued” from the MSC cruise ship and alleged to have been forced to work up to 16 hours a day and were subjected to abuse and sexual harassment.

A Brazilian labor court ordered the payment of fines, wages, overtime […]

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All eyes on ADM and Bunge after Cargill profit jumps 20 pct

A 20 percent quarterly profit jump for global grains trader Cargill Inc suggests recent disappointing quarterly earnings from rival agribusinesses Archer Daniels Midland Co and Bunge Ltd may be more of a blip than long-term concern, analysts said.

Cargill’s strong results, reported on Wednesday, seem to indicate surprising strength for traders of agricultural commodities, as […]

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Louis Dreyfus H1 profit halved by commodities downturn

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 […]

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Brazil heralds nearly $2 billion in ag export contracts

From the Journal of Commerce:

Amid shaky Brazilian business confidence, the country’s agriculture and livestock minister is trumpeting the near completion of dozens of contracts worth nearly $2 billion with importers in 14 countries.

Roughly $800 million of the contracts will be for 190,000 metric tons of beef, equating to about 18,000 twenty-foot equivalent units. […]

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Maersk buys Grup Maritim TCB to expand APMT port network in Latin America

Grup Maritim TCB terminal in Barcelona

A.P. Moeller-Maersk A/S’s terminal unit said Tuesday it agreed to buy a Spanish rival to expand its port network by almost 20 percent.

APM Terminals will pay an undisclosed sum for Barcelona-based Grup Maritim TCB, thereby adding 11 container terminals to its existing network of 63, the company […]

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Bunge to acquire Brazilian wheat processor

Moinho Pacifico, located in Santos, is one of the largest wheat processors in Brazil. The transaction is subject to regulatory approval, Bunge said in a statement.

Bunge Brazil, a wholly owned subsidiary of Bunge Ltd, said on Aug. 27 it has agreed to acquire Brazilian wheat processor Moinho Pacifico, Reuters reported.

Bunge said the […]

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