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.

Korean shippers remain sluggish

From the Korea Joong Ang Daily:

It was August last year when leading domestic shipper Hanjin Shipping fell into court receivership. A year has passed but Korea’s shipping industry is still struggling to ride out the storm that sunk its biggest player.

After Hanjin’s bankruptcy in February, Hyundai Merchant Marine (HMM) became the top Korean […]

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Hanjin Shipping’s bankruptcy backfires on Korean shipbuilders

Global shipping giants reportedly are reluctant to place orders and are postponing the delivery of completed container ships because vessels that were chartered by the nation’s once-largest shipping line have been released into the market at lower prices.

According to industry sources on Sunday, the world’s largest shipping line, Maersk Line, placed a $1.1 billion […]

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Korean shipping company's bankruptcy creates mess at Port of Oakland

Any ads in the segment are placed by the news station. Longshore and Shipping News does not advertise.

From KGO-TV:

South Korea’s biggest shipping line has declared bankruptcy and it’s created a mess at the Port of Oakland.

With Hanjin now bankrupt, shipping terminals aren’t accepting the containers, unless someone pays up […]

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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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Giant strike planned at Korea’s eight top shipyards

Strikes at Korean yards are becoming more common as anger grows at senior management and the government This photo was taken in September 2015 when workers struck at Hyundai Heavy Industries in Ulsan, South Korea.

From Vesselfinder:

Workers at eight of South Korea’s largest shipyards will go on strike on July 20 as a […]

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Global union organizations back embattled Korean union

On the morning of Nov. 6, some 200 South Korean police attempted a raid on the headquarters of the Korean Public Service and Transport Workers’ Union (KPTU). In addition to taking files from the TruckSol office on the 2nd floor of the KPTU’s building, police violated the spaces of unrelated KPTU affiliates and attempt […]

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Hyundai Heavy slumps as workers go on strike

Unionized workers of Hyundai Heavy Industries endorsed a strike over wage and benefits, threatening to halt production at the world’s largest shipbuilder for the first time in 20 years. Shares of Hyundai Heavy slumped 3.4% in recent trading. The KOSPI Index was down 0.1%. Its competitor Samsung Heavy Industries (010140.KS) fell 2.7%.

Korean shipbuilders are […]

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Port of Nanaimo container shipping trial under way

Port of Nanaimo, British Columbia, Canada

From the Nanaimo Daily News:

Container shipping has arrived on Vancouver Island. The MV Westwood Pacific was loaded and left Nanaimo carrying containers filled with lumber, pulp and water bound for Asian ports Tuesday.

Though just a trial run, the port and its partners hope it will lead to […]

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Portland expects rebound in 2014

From Progressive Railroading:

“While tonnage was down slightly for the calendar year, the port finished 2013 with one of the highest volume months in recent history with 1.3 million tons handled in December and posted fiscal-year gains at the halfway point that bode well for the year ahead,” Port of Portland officials said in a […]

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ITF slams 'joke justice' as Korea union leaders make dignified surrender to police

Police move in against rally held directly before KRWU officers’ planned surrender. ITF photo.

As 13 Korean Railway Workers Union (KRWU) trade union leaders charged with having led what was a legitimate and lawful industrial action made a dignified surrender to police today, the ITF (International Transport Workers’ Federation) blasted the political vendetta behind […]

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Jones Act provides essential benefits to a maritime nation and its workers

Excerpts from a commentary in The Hill:

The Jones Act keeps this country strong by supporting jobs at American shipyards, promoting industrial investment and training, and contributing to our country’s economy and national defense.

Even so, every month you can count on special interests claiming that the Jones Act has outlived its usefulness and should […]

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Korean shipping lines face cash crunch after expansion

Hanjin, South Korea’s largest shipping company, and Hyundai Merchant are expected to post losses next year as well, according to analyst estimates compiled by Bloomberg.

South Korea’s three biggest shipping companies face a cash crunch as 3 trillion won ($2.8 billion) of bonds are due for repayment in the next two years amid mounting losses […]

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Hyundai Heavy obtains US$1.4 billion order for 10 container ships in the Middle East

On August 30, Hyundai signed a US$1.4 billion contract (including construction of 5 Hyundai Samho Heavy Industries ships) for a total of 10 container ships – five 18,000 TEU container ships and five 14,000 TEU container ships – with the United Arab Shipping Company (UASC) in Dubai, United Arab Emirates.

In this contract, an option […]

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Maersk to pay $100 million less for new giant vessels

Danish oil and shipping group A P Moller-Maersk will pay about $100 million less than predicted for 20 mega-size container vessels ordered from Korea’s Daewoo Shipbuilding & Marine Engineering.

The group said it now expects to pay about $185 million on average per vessel, against previous expectations of about $190 million.

Maersk Line, the group’s […]

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Westwood Begins Refrigerated Container Service Between U.S. Northwest and Asian Ports

Westwood Shipping Lines has made the following announcement:

Westwood Shipping Lines (WSL) is pleased to announce a new offering in our service portfolio. WSL will launch a new fortnightly, refrigerated container service, starting on July 10th with our vessel, Westwood Cascade 22W. We will offer our customers a direct reefer service from the Pacific Northwest, […]

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