L.A. Port Contract Restores Stability to Supply Chain

Press Release
Thursday, February 21, 2013

The National Retail Federation today issued the following statement from Vice President for Supply Chain and Customs Policy Jonathan Gold on the ratification of a contract between the International Longshore and Warehouse Union Local 63 Office Clerical Unit and the Los Angeles / Long Beach Harbor Employers Association:

“The National Retail Federation and our members congratulate the OCU and HEA for ratifying the new deal. This contract will bring much-needed stability to the supply chain, better position the ports for future growth and provide retailers the certainty they need to prepare for the upcoming summer shopping season.

“Now that the labor situation has been settled on the West Coast, it is time to turn our attention to the East and Gulf Coast ports.

“NRF reiterates our call on the International Longshoremen’s Association and the U.S. Maritime Alliance to quickly conclude ongoing local contract negotiations and urge them to ratify a new master contract.

“From the eight-day strike at the Ports of Los Angeles and Long Beach to the ongoing tensions and extensions on the East and Gulf Coasts, the supply chain has been through enough turmoil the past year. Everyone who utilizes the ports, from retailers and manufacturers to farmers and truckers, needs to get back to focusing on what they do best, powering our global economy.”

NRF represents retailers of many types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s Retail Means Jobs campaign emphasizes the economic importance of retail and encourages policymakers to support a Jobs, Innovation and Consumer Value Agenda aimed at boosting economic growth and job creation.
 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Manila Port Congestion Eased: Palace

Malacañang has declared that the congestion at the Port of Manila has been resolved, noting the various measures that the government and the private sector have implemented to address the problem.

Indonesia: Port Operation to Go Online in September

The Indonesian government is expected to start operation of a new online system at the country’s four major ports in September this year.   The operation of the long awaited Inaportnet system,

Canadian Navy Delays Opening of Arctic facility

Canada's military has again delayed the opening of a major new Arctic port, a sign the government is struggling to assert sovereignty over a remote resource-rich region.

Finance

Nabors Posts Quarterly Loss as Drilling Activity Slows

Offshore driller Nabors Industries Ltd reported a quarterly loss, hurt by lower drilling activity amid a slump in global crude prices.   The company posted a net loss of $891.

Cheap Oil Threatens Debt Squeeze for Smaller North Sea Producers

Small and mid-sized independent oil producers in the British North Sea could face a financing squeeze this year as banks cut lending linked to the value of oil reserves,

Royal Caribbean to Sell Splendour of the Seas

Royal Caribbean Cruises Ltd. announced that it has entered into an agreement to sell its cruise ship Splendour of the Seas to TUI Cruises in the second quarter of 2016.

News

Lomar Adds Seven Container Ships to its Fleet

Lomar Corporation, a Libra Group company, has again added to its fleet of container ships with the purchase of three vessels plus an order for up to four new buildings from the Yangzijiang Shipyard,

Canadian Navy Delays Opening of Arctic facility

Canada's military has again delayed the opening of a major new Arctic port, a sign the government is struggling to assert sovereignty over a remote resource-rich region.

Nabors Posts Quarterly Loss as Drilling Activity Slows

Offshore driller Nabors Industries Ltd reported a quarterly loss, hurt by lower drilling activity amid a slump in global crude prices.   The company posted a net loss of $891.

Logistics

Lomar Adds Seven Container Ships to its Fleet

Lomar Corporation, a Libra Group company, has again added to its fleet of container ships with the purchase of three vessels plus an order for up to four new buildings from the Yangzijiang Shipyard,

25,000-TEU Ships Possible, Not Practical

Maersk Line CEO Soren Skou said ships with capacities of 25,000 twenty-foot-equivalent units are possible but not practical today, and that he expects 18,000-19,

'K' Line to Shrink Container Fleet

Japan's third-biggest shipping company Kawasaki Kisen Kaisha ('K' Line) plans to beef up its LNG and bulker vessels over the next four years, while downsizing its container shipping fleet.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1469 sec (7 req/sec)