West Coast Port Dispute Reach Tenative Deal The longshoremen and West Coast shippers have reached a tentative pact that addresses issues relating to pension benefits and arbitration procedures, including technological advancements. The agreement will allow the introduction of technology that would improve the flow of cargo through the West Coast terminals. The entire agreement which was announced late Saturday must be approved by members of the ILWU. Negotiations were guided by Peter Hurtgen, director of the Federal Mediation Conciliation Service. In a statement, the president said: "I am very pleased that labor and management have reached an agreement concerning the West Coast Ports. This agreement is good for workers, good for employers, and it's good for America's economy. I congratulate labor and management for working together to successfully resolve their disagreements and I also commend the efforts of Labor Secretary Elaine Chao and the Director of the Federal Mediation and Conciliation Service, Peter Hurtgen, for their tireless efforts in bringing this matter to a successful conclusion." The West Coast dockworkers committee will meet on December 9 to address the agreement between West Coast shippers and longshore union workers. If the agreement is met, the six-month negotiation appears would be resolved based on a tentative agreement reached over the weekend and submitted for final approval by the union's oversight committee.
Federal mediators announced last night that they will assist in West Coast port contract talks, following a joint request from the International Longshore and Warehouse Union and the private terminal operators, the Pacific Maritime Association. Jon Slangerup, Port of Long Beach Chief Executive, addressed the announcement by issuing the following statement: “We congratulate the ILWU and PMA for both agreeing to mediation
Mitsui O.S.K. Lines, Ltd. (MOL, President: Koichi Muto) , a Member of the G6 Alliance has announced plans to expand their cooperation to the Asia-North America West Coast and Trans-Atlantic trade lanes. The G6 Alliance said the expanded cooperation will provide customers with more service choices and increased sailing frequency. For example, on the Asia-North America West Coast trade, each G6 Alliance member will be able to offer almost twice as many sailings
GL Noble Denton Launches Marine Casualty Investigation Operations in Seattle. GL Noble Denton has expanded its Marine Casualty Investigation (MCI) practice in North America by launching operations in Seattle, a primary hub for marine insurance. The new base will allow the company's team of experienced surveyors to meet the growing demand for marine casualty investigations off the West Coast of the US and Canada
The gridlock at U.S. West Coast ports that has forced McDonald's to ration French fries at its Japanese restaurants and interrupted supplies to retailers such as Lululemon is unlikely to be alleviated by routing cargoes through Canada, whose Pacific ports face their own problems. Capacity is already limited at Canada's largest port, Port Metro Vancouver, which is also staring at the possibility of another crippling strike by container truck drivers.
The hull substructure for the world's most advanced drilling rig Aker H-6e has started on its 50 days journey from to Stord in . Weighing 16 000 tonnes, equalling 16 000 cars, this is one of the largest drilling rigs to be towed. The hull is constructed by Aker Solutions at Drydocks World's yard and will be towed to Aker Solutions' yard at Stord, situated on the west coast of . There it will be assembled with the topside facility and subject to further construction work
Evergreen announced changes to its Pacific Coast/ Far East services in order to improve transit times and benefit customer service requirements between Asia and U.S. and Canadian ports and inland points. This week, the U. S. West Coast/Japan, Korea Service (KJW service) which utilizes 1,810-TEU "L" type vessels will call at Los Angeles and Portland on both inbound and outbound legs but will discontinue calls at Vancouver and Tacoma.
P&O Ports has signed an agreement to acquire two businesses from BCR Marine in Canada for CDN$105 million. The assets concerned are the CASCO container terminal (Centerm) in Vancouver and Canadian Stevedoring, which offers cargo handling services in ports throughout British Columbia. It is P&O Ports' first venture into the Canadian market and its first acquisition on the West Coast of North America. Completion of the transaction is anticipated in the first quarter of 2003.
Temporary suspension of Central China (CC2) Service / All ports covered by other G6 services In response to seasonal changes in market demand, the members of the G6 Alliance announced the temporary suspension of their Central China (CC2) service between Asia and the U.S. West Coast until further notice. The last sailing for CC2 will be “OOCL Italy” departing from Shanghai on October 31. All ports called by CC2 will be covered by other G6 Alliance services.
West Coast ports which have suffered a work stoppage for over a week, are set to reopen today. Yesterday afternoon, a federal judge issued an injunction to force the ports to reopen. President Bush asked for an 80-day cooling off period in order to attempt to clear the backlog from more than 200 ships loaded with cargo that have been unable to offload shipping containers or take on new cargo. The port closures are "hurting truckers, rail operators ..
Members of the G6 Alliance today announced the Winter Program for Asia – North America services in response to traditional seasonal changes in market demand. The following are the temporary service suspensions: Asia – North America East Coast Service
Major container shipping rates plummeted again this week, with declines on the trunk Shanghai-Europe routes falling at record amounts, says Shangahi Containerised Freight Index (SCFI). A eport in ASC says that the SCFI for Far East to North Europe dropped by a staggering
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 31 percent to $313 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
The Panama Canal cruise ship season 2015-2016 will officially begin on October 3 with the transit of Costa Luminosa, on a voyage from Italy around the world. “Approximately 220 cruise ships are expected to transit through the Panama Canal during this season that spans from October 2015 to
The European Commission has approved under EU state aid rules Finland's plans to grant €23 million to construct a small scale LNG terminal at Pori on Finland's west coast. The European Commission has concluded that Finland's plans to grant €23 million of public funding for
Liberian-flagged bulk carrier MV Victoria is reportedly stuck on a shoal off the west coast of Sweden with a 3-meter gash in its hull after running hard aground Saturday night. According to local reports, the 190-meter ship was en route from Rostock
Press release - AAL has announced the opening of a new office in Vancouver, Canada. This continues the company’s global expansion strategy, which has, in the same month, seen the opening of AAL Korea. The move strengthens the company’s on-the-ground presence and
The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry. This was one of the views that, BIMCO’s Chief Shipping Analyst, Peter Sand shared with the participants at the Maritime Cyprus
Chile's government has declared a state of emergency in the central region struck by Wednesday's earthquake, the biggest to hit the country since 2010 and the most powerful in the world this year. The 8.3-magnitude tremor struck off the coast of Coquimbo, 46km west of Illapel
Shipping freight rates for transporting containers on the world's busiest route have dropped by more than 20 percent for the second consecutive week and are now at their lowest level since July 24. Spot rates fell 22.4 percent to $456 from ports in Asia to Northern Europe after a fall of 22
The Northwest Seaport Alliance, a marine cargo operating partnership of the ports of Seattle and Tacoma, saw container volumes grow for the sixth straight month in August, improving nearly 15 percent compared to August 2014. According to the Alliance, the increase is significant
Is the lack of demand for containerships a manageable challenge? The low demand on the high volume trade lanes is increasing the pressure on earnings which is already felt in the container shipping industry, says shipping association BIMCO.
Shipping freight rates for transporting containers from Asia to Northern Europe fell 23 percent to $588 per 20-foot container (TEU) in the week ended Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
Retailers eying the approaching holiday season is expected to spur a 1.2 percent increase in import cargo volume at the United States’ major retail container ports month over the same time last year as season, according to the monthly Global Port Tracker report released today by the National
Gas seen as key to help resolve power crisis; gas could be sourced from Nigeria, Angola, Mozambique. South Africa could build its first 20 billion rand ($1.4 billion) liquefied natural gas (LNG) import facility at the west coast port of Saldanha Bay to feed gas-to-power projects aimed at easing