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.

ICTSI expanding in Australia, Iraq

Two news items regarding Filipino terminal operator ICTSI this week:

Seaship news: ICTSI takes full ownership of Melbourne terminal

Philippine port operator International Container Terminal Services Inc has taken full ownership of a port terminal in Australia. ICTSI has recently acquired from Anglo Ports the missing 10% stake it did not own in Victoria International […]

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Philippines’ ICTSI to invest $130 mln in Iraq port deal

The Philippines’ International Container Terminal Services Inc (ICTSI) said on Thursday it had agreed to operate, develop and expand Iraq’s largest port facilities and invest $130 million in the first phase of the deal.

ICTSI, owned by the Philippines’ fourth-richest person Enrique Razon, operates the Southeast Asian country’s biggest ports and has terminal concessions and […]

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Dennis Kucinich blames US meddling for Russian invasion

Russia’s invasion of Ukraine was spurred by U.S. behind-the-scenes actions, says former Ohio congressman and Democratic presidential candidate Dennis Kucinich.

Kucinich said the United States has been involved covertly and behind the scenes with the CIA and two government foreign aid groups, the National Endowment for Democracy and the United States Agency for International Development, […]

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JaxPort turns down $250 million deal

The Jacksonville Port Authority has turned down a proposal by an international shipping firm seeking to lease 100 acres at Blount Island for a cargo terminal that would have been one of the port’s biggest.

Gulftainer Co. Ltd. also said it would spend around $250 million in Jacksonville if it built a terminal here, according […]

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Cables detail Cargill’s maneuvering in a series of trouble spots

Excerpts from the Star-Tribune:

As one of the most global U.S. companies, Cargill knows well the land mines of international commerce.

A Cargill rice mill in Venezuela gets nationalized. Government security forces pay a midnight visit to a sugar mill in Syria. Iraq suspends a key trading permit when a big wheat shipment mysteriously vanishes. […]

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Maersk Gains From U.S. Military’s $11.5 Billion War Shipments

The Department of Defense is increasingly shipping war supplies on commercial lines. Since 2001, companies such as Maersk and Neptune Orient Lines Ltd. (NOL) have been awarded at least $11.5 billion in defense contracts and have handled more than 90 percent of all military cargo to and from Iraq and Afghanistan. Beaumont, Texas, is […]

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Follow the Money: The Cost of the War on Terror

Broken down individually, the government has spent $806 billion for Iraq, $444 billion for Afghanistan, $29 billion for enhanced security and $6 billion on “unallocated” items. The vast majority of all the money appropriated has gone to the Department of Defense. … Only $8 billion (or 1 percent) went to veterans’ care, via the […]

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Study says US wasted billions in Iraq, Afghanistan

Security contractor in Iraq

Corruption and waste has cost the US government billions of reconstruction dollars in Iraq and Afghanistan, according to an official study on wartime contracting released on Thursday.

The report found that “criminal behavior and blatant corruption” were responsible for much of the waste related to the nearly $200 billion spent […]

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