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.

CNN: Putin, far-right parties pleased as Trump win shocks world

Excerpts from CNN:

Republican candidate Donald Trump’s ascension to the White House has sent shock waves around the world. But it appears to have pleased one leader in particular — Russian President Vladimir Putin.

Within hours of Trump’s victory speech early Wednesday, Putin congratulated the US president-elect and flagged Moscow’s willingness to restore ties […]

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USAID: will Ukraine become the new Syria?

The US authorities have made a decision to send to Ukraine additional “non-lethal” military assistance, says Chuck Hagel, the head of the Pentagon. According to the American “hawks”, Ukraine needs such assistance in order to protect itself from a potential attack from Russia.

The so-called “non-lethal” assistance that the Pentagon insists on providing to Ukraine […]

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Biden cancels Panama trip, will make stop in Charleston

The White House says Vice President Joe Biden is canceling a trip to Panama next week, but he’s still scheduled to visit the Lowcountry.

Biden will still travel to Charleston and Savannah on Monday, and to Mexico at the end of the week to meet with President Enrique Pena Nieto. Biden is expected to deliver […]

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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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ICTSI Pulls Out of War-Torn Syria

Philippine port operator International Container Terminal Services, Inc., is abandoning its business in Syria because of the dangerous environment caused by the country’s civil war.

Trade sanctions by the European Union and the United States and ongoing strife have had negative impacts on volume, setting it back several years, and performance was also hurt by […]

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Syria ship container trade slides as violence grows

Official data from Latakia International Container Terminal, issued in recent days, showed volumes in the first six months of the year fell to 217,386 TEUs, versus 275,264 TEUs in the same period last year. That compared with 293,111 TEUs in 2010. Maersk, CMA CGM and Hamburg-Sud call on the port.

Ship container volumes at […]

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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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Port operator ICTSI sees more expansion opportunities overseas

Enrique Razon, CEO of ICTSI

Violent protests in the Middle East may have shaken the world economy but Philippine port operator International Container Terminal Services, Inc. (ICTSI) sees opportunity amid the turmoil.

ICTSI, run by billionaire Enrique Razon, is one of only a few Philippine companies to have become a successful global player and […]

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