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.

Panamanian president Varela: China to accelerate its Latin American rise

Excerpts from AFP:

China is taking steps to increase its presence in Panama in order to expand its influence throughout Latin America, according to Panamanian president Juan Carlos Varela.

Varela made the comments upon returning home from a historic visit to China and meetings with President Xi Jinping. The two presidents signed 19 accords ranging […]

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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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South Korea completes its first Arctic voyage via Northern Sea Route

Excerpts from Port Technology:

Hyundai Glovis, a South Korean shipping liner, has completed the country’s first voyage to transport cargo between Asia and Europe by the Arctic Sea after arriving at Sapo Quay of Gwangyang Port in South Korea on October 21, 2017.

South Korea’s Ministry of Oceans and Fisheries said the pilot operation will […]

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China’s foreign minister to visit Panama under new diplomatic ties

From AFP:

Chinese foreign minister Wang Yi will visit Panama at the end of this week, according to officials — three months after the countries established diplomatic ties at the expense of Taiwan.

He will meet with Panamanian President Juan Carlos Varela on Saturday. Varela announced his country had opened diplomatic relations with China on […]

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Port of Oakland poised to benefit from trade pact with China on rice

From Customs Today:

The Port of Oakland believes a new trade pact with China will benefit its export business and provide more opportunities for truckers to haul rice to export overseas.

American rice exports could enter China as soon as 2018 after approval of a trade agreement last month. Port officials have said it is […]

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COSCO offers $6.3 billion for smaller rival Orient Overseas

From US News:

China’s biggest shipping company, state-owned COSCO Shipping Holdings Co., is creating the world’s No. 3 container shipping giant by acquiring rival Orient Overseas (International) Ltd.

Shares in both companies surged Monday following the announcement of the $6.3 billion deal.

A wave of consolidation has created huge competitors in a global shipping industry […]

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China puts Nicaraguan Canal plan on hold

From The Times:

It was billed as the biggest earth-moving operation in history: the creation of a 170-mile canal across Nicaragua, linking the Caribbean Sea and the Pacific Ocean.

The Grand Interoceanic Canal (commonly known as the Nicaraguan Canal) would have been more than twice the length of the Panama Canal, and wide enough for […]

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Chinese firm starts work on $1bn Panamanian megaport; local workforce concerned

From Global Construction Review:

A $1bn project to build a new deepwater port and container terminal near the Caribbean entrance to the Panama Canal has begun. Both its developer and the firm building it are Chinese.

China Landbridge, a privately owned company based in the northern Chinese port of Rizhao, bought Panama’s largest port, at […]

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China state firms eye land around Panama Canal: waterway authority

Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China’s outward push into infrastructure via railways and ports around the world.

The Panama Canal Authority will officially open a tender to develop about 1,200 hectares of land – roughly the […]

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Sanders: After killing TPP, Trump should shut down his own sweatshops

U.S. Sen. Bernie Sanders (I-Vt.) issued the following statement Monday after the White House said President Donald Trump would withdraw the United States from the Trans-Pacific Partnership:

“I am glad the Trans-Pacific Partnership is dead and gone. For the last 30 years, we have had a series of trade deals — including the North […]

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Why Japan is hell-bent on saving the Trans-Pacific Partnership

From The Globe and Mail:

When Japan recently rushed to become the first country to ratify the Trans-Pacific Partnership, it did so in part to pressure fence-sitters such as Canada to fall in line.

No country fears the consequences of TPP’s demise more than Japan. U.S. president-elect Donald Trump’s stated intention to erase his country’s […]

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Port of Everett takes a ‘big beating’ with cargo decline

Lower oil prices, a weaker Chinese economy and trade sanctions with Russia are contributing to less cargo passing through the Port of Everett this year.

While a decline had been expected, it was greater than what port officials had forecast because of a dramatic drop in cargo for oil projects in Alaska and Canada.

Log […]

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Hanjin lost in ‘game of chicken’, chairman says

Excerpts from Reuters:

The collapsed Hanjin Shipping Co Ltd could not compete against global rivals that were supported by their governments, the chairman of its parent firm told a South Korean parliamentary hearing on Tuesday.

“Hanjin Shipping lost the game of chicken played among large shippers,” Hanjin Group chairman Cho Yang-ho told the hearing.

“As […]

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Portland auto exports drive ConnectOregon grant

The Oregon Department of Transportation has awarded a ConnectOregon grant of $2.6 million to the Port of Portland along with tenant Auto Warehousing Co. to fund part of a $7 million expansion of auto handling facilities in the Rivergate Industrial District near Terminal 6. Plans call for AWC to develop a new 18.9-acre storage and […]

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Hopes for Arctic shipping cool amid other interests

From Bloomberg BNA:

Click on the image to see to see full size

Once hailed as the next frontier for global shipping, the Arctic’s unpredictable weather and sparse population mean it’s unlikely to become the next frontier for global container shipping, even if melting sea ice makes its waterways more easily navigable.

Russian, American and […]

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