Fitch: West Coast Labor Delay Sending Cargo North
The ongoing risk of a strike or work slowdown at West Coast ports may already be diverting cargo to other distribution methods and setting the stage for broader economic impacts, Fitch Ratings says. The International Longshore and Warehouse Union (ILWU) workers are currently working without a contract and could strike at any time. However, Fitch notes that recent negotiations between the ILWU and the Pacific Maritime Association (PMA) are said to be amicable, and cargo has been moving through West Coast ports without incident since the expiration of the previous contract on June 30.
Bayonne Container Terminal Upgrade Celebrated
GCT Global Container Terminals Inc. (GCT) says it celebrated the grand opening of its newly expanded, semi-automated facility in Bayonne, New Jersey, which is intended to be the most productive marine terminal on the US East Coast once complete in summer 2014. Following four years of careful planning and construction, more than 400 of GCT’s customers, stakeholders, vendors, contractors, workforce, and staff were on hand to witness the efficiency and optimization that is at the heart of the container terminal. Global Terminal was designed with safety in mind. The semi-automation of container handling combined with the comprehensive training is a major contributor to improved terminal safety and the development of skilled opportunities for the workforce.
GCT (USA) President & CEO James Devine Retires
Global Container Terminals (GCT) has announced the retirement of James J. Devine, President & CEO of GCT USA, at the end of June, 2014. Devine’s retirement brings a distinguished 13-year tenure with GCT to a close, where he was instrumental in revitalizing the US operations. “Jim is an exceptional leader who has capably navigated the company through challenging market conditions. GCT’s success is a testament to his tireless work and vision,” said Stephen Edwards, President and Chief Executive Officer of GCT Global Container Terminals Inc. “We are grateful for innumerable contributions.” In the coming years, Devine will serve as a senior advisor to continue supporting the strategic growth of GCT USA.
