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.

FMC rejects Japanese carriers’ Joint Service Plan

Excerpts of a statement by Federal Maritime Commissioner William P. Doyle in Maritime Executive:

Yesterday, I voted to reject the Tripartite Agreement proposed by Kawasaki Kisen Kaisha, Ltd. (K Line); Mitsui O.S.K. Lines Ltd. (MOL); and Nippon Yusen Kaisha (NYK). This agreement was unanimously rejected by the Commissioners on the Federal Maritime Commission (FMC).

This […]

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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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Japanese carriers NYK, MOL and ‘K’ Line merge container divisions into 5th largest box line

The major Japanese carriers NYK, MOL and “K” Line agreed to merge their container divisions, forming a brand new shipping company. The combined company will operate a fleet of 110 vessels with 1.4 million TEU, making it the fifth largest container line in the world. The decision was taken among crisis in the industry with […]

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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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Top Japanese official in charge of TPP accused of graft

Akira Amari, in an April 2015 photo.

Expensive sweet bean confections and more than $148,000 in cash could have lured the current Japanese economic minister to take a bribe – while negotiating terms for the Trans-Pacific Partnership.

Tokyo’s top fiscal policy chief Akira Amari has been at the center of a possible graft scandal, […]

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Japan PM Abe, Canada PM-designate Trudeau agree to promote Trans-Pacific Partnership

Japan’s Prime Minister Shinzo Abe and Canada’s prime minister-designate Justin Trudeau agreed to promote the Trans-Pacific Partnership (TPP), Japan’s foreign ministry said in a statement.

Last month, 12 Pacific Rim countries including Japan and Canada agreed the TPP, a pact which aims to liberalize commerce in 40 percent of the world’s economy by reducing or […]

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Revenues flatten out among Japan’s ‘Big Three’ lines

Japan’s three largest container lines saw their group revenues miss forecasts and remain almost flat in the first half of the current fiscal year, while Mitsui O.S.K. Lines (MOL) slipped into the red.

MOL, NYK Line and “K” Line reported their financial results for the first half of 2015, which started in April, revising […]

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How China’s growing appetite is transforming an American port

The Diplomat holds development at the Port of Oakland as ‘evidence of China’s growing appetite for American agricultural products.’

Excerpts from The Diplomat:

From forks to iPhones to couches, “Made in China” products fill American stores. U.S. ports typically import far more from China than they export, but Oakland stands as a rare exception. […]

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Guam gets new shipping route via Japan

Global shipping line APL is entering the local market to give Guam and Saipan customers a choice to ship goods to and from the U.S. mainland via Japan beginning on Nov. 24.

Apart from facilitating cargo shipments from the U.S. mainland, where about 75 percent of Guam’s inbound freight originates, the Guam-Saipan Express connection in […]

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U.S. leads Pacific Rim to historic TPP trade pact as critics line up

The U.S. brokered a historic accord Monday to ease trade in goods and services among a dozen Pacific-rim nations that make up about 40 percent of the world economy.

The Trans-Pacific Partnership, five years in the making, will now be subject to months of scrutiny by lawmakers that could yet derail it. Critics on both […]

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Japan’s largest steel producer place an order for nine super-capesize bulkers

Nippon Steel & Sumitomo Metal Corp (NSSMC), the largest steel producer in Japan, intends to replace its fleet of chartered-in capesize vessels with nine super-cape vessels of 230-250,000 dwt each.

According to the U.S. shipbroker Compass Maritime, the very large ore carriers (VLOCs) will be chartered on periods of 8 to 15 years from four […]

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In a setback for Obama, negotiators fail to wrap up Pacific trade pact

High-level talks to forge a ­12-nation trade deal spanning the Pacific broke up Friday without resolving contentious disputes over Canadian dairy tariffs, the protection of cutting-edge drugs known as “biologics” and Japanese access to the North American automobile market.

Negotiators said they would continue to seek agreement over the coming months, but the failure to […]

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Pacific trade ministers pose for group photo at Maui TPP meeting

Trade ministers from 12 Pacific Rim nations negotiating the Trans-Pacific Partnership agreement posed for a group photo at a meeting in Lahaina, Hawaii on Thursday, July 30, 2015. From left, Singapore’s Minister for Trade and Industry Hng Kiang Lim, Peru’s Minister of Foreign Trade and Tourism Magali Silva, New Zealand’s Minister of Trade Tim […]

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Trans-Pacific Partnership talks: Canada, Japan at odds over B.C. timber

One of Canada’s most protected industries — British Columbia timber — has been targeted by Japan in the massive Trans-Pacific Partnership trade talks, The Canadian Press has learned.

Japan is pushing Canada to eliminate or modify the controls it imposes on B.C. log exports — a practice that is heavily restricted by the federal and […]

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Executives at Japanese trading firm take big pay cuts, criticize Gavilon

Executives at a large Japanese trading company plan to take major pay cuts this year that are attributable in part to what has happened 6,000 miles away in Omaha.

Marubeni Corp., based in Tokyo, last week reported 2014 annual profit that fell by 50 percent, on worse results from oil and grain trading. Part of […]

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