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Source: AFL-CIO
Source: Norwich Bulletin
Source: Decatur Tribune
China Shipping Container Line Company, the world’s 8th-largest container shipping company by capacity, will begin cargo service to the US Gulf Coast and Florida through a slot charter arrangement on the weekly Pacific Express 3 string operated by CMA-CGM, which will include calls at APM Terminals Mobile, APM Terminals Jacksonville and Miami’s South Florida Container Terminal (SFCT), in which APM Terminals is a joint venture partner with Terminal Link.
Shanghai-based China Shipping Container Line Company currently operates 149 vessels, with a combined total capacity of approximately 560,000 TEUs, ranking 8th globally by this measure. This new China Shipping service which has been named the AAE2 will be made available through a slot charter agreement with French-based CMA-CGM. Ports of call on the AAE2 include Xiamen, Hong Kong, Shanghai and Busan, in the Far East, and Manzanillo, Panama, in addition to the US ports of Houston, Mobile, Miami and Jacksonville. Vessels range in size from 3,398 TEU to 5,096 TEU capacity.
From Maritime Executive
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 in North America that will come under even greater pressure to establish a foothold in the world’s biggest supplier, ensuring reliable access to crops needed to meet rising Chinese demand.
But after Marubeni’s deal and Glencore’s $6 billion purchase of Canada’s leading handler Viterra, many are wary of wading too deeply into the fray.
Asian grain houses without physical assets in North America lost another potential partner in deals to feed China earlier this month when CHS Inc, the biggest farm cooperative in the United States, launched a joint venture with Japanese cooperative Zen-Noh.
The transactions have reignited talk that privately held Louis Dreyfus may be the next company to strike a deal or be sold, traders said.
From CNBC
Global Terminal crane operator
A New York-New Jersey terminal operator unveiled plans for labor-saving technology in an expansion set to open in 2014, but the president of the International Longshoremen’s Association said he’ll resist job cuts.
“We’re going to fight it any way we can,” Daggett said. “The men are not going to stand by and let an automated terminal come in, knowing they’re going to lose their jobs, knowing they’re getting their walking papers.”
More in the Journal of Commerce
Two forces are pulling America’s timber industry in opposite directions. One is the nascent recovery in the U.S. housing market. The other is a drop in Chinese demand.
For the moment, the drop in Chinese demand is winning. But the moment may not last.
China has, until very recently, had an insatiable appetite for American wood. A booming construction industry needed to be fed, and the combination of export tariffs Russia slapped on in 2010 and a decline in U.S. timber prices following the housing bust made American logs and lumber a bargain.
From the Wall Street Journal
MUA celebrates passage of Shipping Reform
Excerpts from the Maritime Union of Australia’s web site:
The Bills represent over 10 years of work by the MUA, especially National Secretary Paddy Crumlin, and follows the endorsed support from members at the recent Seafarers Conference and National MUA Conference.
A delegation of seafaring members joined National Secretary Paddy Crumlin, National Policy Officer Rod Pickette and National Communications Director Darrin Barnett in Canberra to see the Bills pass (pictured).
Mr Crumlin said this was the biggest reform of the Navigation Act in 100 years, and that:
What Australia has effectively done is has shown the way in international shipping, demonstrating that FOC shipping can be defeated and that all seafarers – particularly those from developed countires – have a right to work in the industry.
Cabotage is back on the menu for seafarers worldwide.
The support of the ITF was also critical to the political will to enact these wide-ranging and internationally important reforms, and the ITF is enshrined in this legislation.
As a union, we’ve fended off the campaign by conservative shippers,...
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