Feed items
Source: SFChronicle
Source: Stamford Advocate
Source: Huffington Post
Source: AFL-CIO
Source: CTPost
Carriers that already have idled about 6 percent of the global fleet are likely to start idling more ships in the next few weeks as the peak season winds down, according to a global shipping consultant.The glut of global vessel capacity next year and the year after is beginning to look like 2012 all over again, and the bad news is sinking in. “We must learn to live with overcapacities,” Maersk Line CEO Soren Skou told a Hamburg conference in October.
Facing freight rates on the Asia-Europe trade that again turned unprofitable in the third quarter, carriers are just beginning to cut back on deployed vessel capacity on that trade. Maersk Line, the G6 Alliance, the CKYH Alliance and Hanjin Shipping have suspended or even eliminated some Asia-Europe services, but many observers say it won’t be enough to sustain rates in 2013, when scheduled ship deliveries will add 7 to 9 percent to the world fleet, while demand is forecast to grow 4 to 6 percent.
More in the Journal of Commerce
Guarani people in Brazil. Tribal representatives have said they ‘don’t want sugarcane planted on our land anymore…it harms our health, including the health of our children, and elderly people, and the poison contaminates the water.’A US food giant has been implicated in a sugarcane scandal in Brazil that has kept an entire indigenous community off its land, polluted streams and inflicted illness and death on Guarani Indians.
Headquartered in the US, global grain trader Bunge is deeply involved in Brazil’s burgeoning biofuels market, and sources sugarcane from farmers who have taken over the ancestral land of the Guarani.
A community of 225 Guarani in the state of Mato Grosso do Sul, whose land was taken from them to make way for the plantations, says the invasion of sugarcane, associated machinery and pesticides has ruined their lives over the past four years.
Two Guarani from Jata Yvary community have already committed suicide this year. The boys, aged 16 and 13, were found hanging from trees. A truck from the plantations used by Bunge also reportedly ran over and killed a man.
Talking to Survival International, the community said, ‘We Guarani don’t...
A cargo belt chute caught fire at EGT early Sunday. It was the second fire at the facility, the first having occurred in April. No one was injured in the fire.Firefighters spent about four hours extinguishing a blaze early Sunday morning at the EGT grain terminal at the Port of Longview.
Workers at the terminal were loading grain onto the Marshall Islands-based Aruna Ece when the cargo belt chute caught fire just after 2 a.m. Sunday, U.S. Coast Guard officials said.
Crews at the terminal were trying to extinguish the blaze when firefighters arrived, said Rocky Earls, a Longview Fire Department lieutenant. Longview firefighters hauled hose lines from the ground up to the ship loader, where conveyor belts had caught fire more than 100 feet off the ground, Earls said.
More in the Daily News
Please log in to view content
To view the content on this page, please log in to your account.
