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.

Port Of Hueneme now exports and imports directly from Central America

SeaLand is adding the Port of Hueneme as a port of call in its West Coast Central America route, which also includes relay carrier services in the Port of Los Angeles and ports in Mexico, Guatemala, Nicaragua, Panama, Ecuador, Chile and Peru.

The SeaLand route will be a weekly service arriving in Port Hueneme every […]

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Dole deploys container ships on Latin America-California route

Dole’s deployment of the Dole Pacific on regular service between California and Latin America is the latest sign of how refrigerated ship operators are turning increasingly to container ships from traditional break bulk vessels.

The $56 million Dole Pacific, and its sister ships, the Dole Atlantic and Dole Caribbean, have capacities of 770 forty-foot-equivalent units, […]

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Banana shippers scramble to find capacity

Long-haul banana trades continue to flourish as consumers in Asia add more of the fruit to their diets.

While container lines gain market share, Ecuador based shipbroker Sopisco argues that specialized liner services could claw back some of the business. Bananas remain a key commodity for specialized reefer carriers and container lines alike, and demand […]

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Container lines losing cargo to specialized reefer ships amid slump in bunker prices

Containerisation of perishable cargoes seems to have hit a snag – at least temporarily – as the slump in bunker prices makes conventional reefer ships more competitive again.

According to shipbrokers, a number of freight programes by fruit shippers has been moved back from container lines to specialised reefers in the early stages of the […]

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Obama and Trade: Recipe for Ripoffs

”Why is WikiLeaks rooting around for these documents and releasing them to the public? The pacts will require Senate approval, yet lawmakers have had to beg for any details about them. Based on leaks, other big concerns center around health issues. For example, some provisions would block government policies that discourage smoking. There are […]

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AP reports that USAID’s days are numbered in Ecuador

Ecuador’s government has told the U.S. Agency for International Development that it will not renew its agreements with the South American country, according a letter obtained by The Associated Press.

The Nov. 26 letter sent to the U.S. Embassy in the Ecuadorean capital of Quito says, the “USAID must not execute any new activity,” nor […]

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ICTSI profit up 20% at $172.4M in 2013

International Container Terminal Services, Inc. (ICTSI) recorded a 20 percent hike in audited consolidated attributable net income to US$172.4 million last year from the US$143.2 million earned in 2012.

In a disclosure to the Philippine Stock Exchange, the firm said the higher attributable net income was mainly due to strong revenue growth and margin improvement […]

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US pulling 'imperialistic' aid from Ecuador

Ecuadorian President Rafael Correa and Bolivian President Evo Morales are seen here at a pro-union event. USAID’s departure from Ecuador marks the second time this year that the agency has been forced out of a South American country after Pres. Morales ousted it from Bolivia in May

From an article in the Christian Science Monitor:

[…]

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ICTSI results shows good results globally, but Portland problems on analysts’ radar

Excerpts from Transport Topics:

At 4,628,117teu, the Philippines-based terminal operator International Container Terminal Services Inc [ICTSI] handled 13% more containers in the first nine months of 2013 than it did in the same period of the previous year, improving its net profit by 22%.

However, Drewry Maritime Equity Research (DMER), which analyses the financial performance […]

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The Trans-Pacific Partnership Agreement (TPPA): When Foreign Investors Sue the State

From Global Research:

An American company Renco sued Peru for $800 million because its contract was not extended after the company’s operations caused massive environmental and health damage. This 200 photo shows children playing near the toxic site in play masks.

The investor-state dispute system, whereby foreign investors can sue the host-country government in an […]

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DP World chairman meets Ecuador President in Quito

The chairman of DP World said: ‘Ecuador, is a country of immense economic possibilities with tremendous potential for growth. We hope that our visit further strengthens the strong relationship between the UAE and Ecuador.’

The Chairman of DP World, His Excellency Sultan Ahmed Bin Sulayem, has met with the President of Ecuador, His Excellency Rafael […]

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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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MUA's Paddy Crumlin Calls For Julian Assange To Be Given Safe Passage

From the Maritime Union of Australia:

Fighting from the Front: Paddy Crumlin and Julian Assange During Meeting At Ecuadorean Embassy in London

Maritime Union of Australia national secretary Paddy Crumlin released the following statement on the one-year anniversary of Julian Assange entering the Ecuadorean embassy in London on June 19, 2012, to seek political […]

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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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China’s Panama Canal cargo loads rank second highest

‘The canal no longer solely depends on the world’s main economies,’ said Panama Canal Administrator Jorge Quijano.

A record amount of cargo crossed the Panama Canal over the past 12 months, largely fueled by economic growth in Latin America, the waterway’s top administrator said.

Nearly 334 million tonnes of cargo crossed the canal during fiscal […]

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