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.

Kalama Export dockworkers rally for better benefits

ILWU Local 21 members were joined by longshoremen from West Coast ports at KEX. Photo by JJ Burkey, ILWU Local 21 member

Excerpts from The Daily News:

Wearing orange shirts with slogans calling for “equal benefits,” about 300 longshoremen marched at the Port of Kalama Wednesday to draw attention to stalled labor talks […]

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ILWU members from West Coast ports travel to support Kalama Export workers

ILWU members from West Coast ports from Seattle to Los Angeles convened on Nov. 8, 2017, to support workers at Kalama Export Company who are receiving substandard benefits while all other eight Northwest grain export elevators meet the industry standard. Photo by ILWU Local 21 longshoreman J.J. Burkey

Kalama Export is the only grain […]

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Mitsubishi to buy 20% in grain trader Olam for S$1.53 billion

Mitsubishi Corp, betting on growing demand for food in Asia, agreed to buy a 20 per cent stake in Olam International Ltd, the commodity trader controlled by Singapore’s state investment company, in two deals worth S$1.53 billion.

Olam said Thursday in a statement that it will issue 332.7 million new shares for S$915 million to […]

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Mitsubishi to Take Control of Brazil’s Ceagro for Grain Supplies

All grain points to Asia: Mitsubishi graphic illustrating global grain plans. Mitsubishi is part owner of Kalama Export. Click on the image to see it full-sized.

Mitsubishi Corp. will take control of grain supplier Los Grobo Ceagro do Brazil S.A. as Japan’s biggest trading company seeks to boost corn and soybean supplies to meet […]

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Kinder Unit and Mitsubishi Team Up

A unit of Kinder Morgan Energy Partners, L.P., Tennessee Gas Pipeline Company, L.L.C., has inked a binding 20-year firm transportation standard agreement with Japan’s Mitsubishi Corporation.

Per the agreement, Mitsubishi will transport 600,000 dekatherms per day of natural gas designated for the planned Cameron LNG liquefaction facility in Hackberry, La. The facility is scheduled to […]

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North Sea Ship Collision Kills Five as Car Carrier Sinks

The Bahamian-flagged Baltic Ace was headed to Kotka,Finland, from the Belgian port of Zeebrugge, when it collided about 65 kilometers (40 miles) off the southeastern coast of the Netherlands with Cyprus-flagged Corvus J, which was on its way to Antwerp from the Scottish town of Grangemouth, the coast guard said.

Five crew members died […]

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Marubeni’s $5.6 billion Gavilon deal hits delay

ADM and Gavilon each have a 45 percent stake in Kalama, a grain export terminal in Washington state that handled a quarter of all Pacific shipments in 2009. The remaining 10 percent share is owned by Mitsubishi Corp.

The completion of Japanese trader Marubeni Corp’s purchase of U.S. grain merchant Gavilon is being delayed […]

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With Gavilon gone, Asia grain traders face tougher climb

The biggest losers in Japanese trading house Marubeni’s $5.6 billion deal to buy Gavilon may not be the quartet of huge Western traders who have long dominated the global grain markets, such as Cargill.

Instead, it is the Asian trading houses like Noble and Olam International who do not own assets such as grain elevators […]

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Marubeni Agrees to Buy Gavilon to Access U.S Grain Trade

Marubeni Corp. agreed to buy Gavilon Group LLC, the third-largest U.S. grain merchandiser, for $3.6 billion in what would be the Japanese company’s biggest deal.

“Marubeni’s purchase of Gavilon will give it an inroad into grain purchases in the U.S. and put it on par with the leader Cargill,” said Justin Tang, a Singapore-based analyst […]

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Japan trading firms likely Gavilon buyers - sources

Japan’s top trading companies have emerged as frontrunners in the race to buy Gavilon as the U.S. grain and energy trader seeks final bids this week, according to several people familiar with the matter.

Marubeni Corp (8002.T), Mitsubishi Corp (8058.T) and Mitsui & Co (8031.T) have all been evaluating bids for all or part of […]

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Chemical workers union condemn BHP Billiton in Australia coal talks

The International Federation of Chemical, Energy, Mine & General Workers’ Unions (ICEM) today condemned the bad-faith bargaining strategy of BHP Billiton-Mitsubishi Alliance (BMA) in coal talks in Australia. At the same time, it pledged full support to Queensland miners, who today commence a second justified set at industrial actions inside BMA’s rich coking-coal mines of […]

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Analysts: Maersk bond delayed by volatile markets

One analyst said, "The corporate bond market is feeling very bad right now due to the Greek debt crisis and continued bad ratings from the ratings agencies affecting markets."

Danish shipping and oil group A.P. Moller-Maersk has postponed a planned bond issue worth up to 1 billion euros ($1.44 billion) due to poor market […]

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Shipping Rates for Coal Cargoes to Japan Seen Rising 55%: Freight Markets

Rates for panamaxes, the largest coal and iron-ore carriers to pass through the Panama Canal, may jump about 55 percent as Japan buys more raw materials to generate power and rebuild after its worst-ever earthquake.

Japan may need to buy an extra 6 million metric tons of coal after the disaster crippled nuclear plants, Credit […]

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