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Source: Talking Union
Bunge has taken advantage of the unusual trading patterns caused by poor global weather, shipping corn to the United States from Brazil and exporting the grain from Ukraine.Bunge Ltd shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. drought in more than 50 years.
Bunge said the world was modifying “typical trade flows” after poor weather slashed output in the United States, the world’s top grain exporter, and other countries, tightening corn and soy supplies.
Bunge managed 15 percent volume growth in its agribusiness segmentduring the third quarter, helped by new grain-handling and port facilities.
Bunge “had a great quarter,” said Christine Healy, an analyst for Scotia Capital, on an investors’ conference call. “Volumes I think were higher than what people expected.”
More at Reuters
The U.S. Environmental Protection Agency has announced a $1.34 million grant for a Port of Long Beach project to deploy cleaner cargo-handling equipment at its container terminals.
The funds will help two terminals, Piers A and J, to retrofit 11 rubber-tired gantry cranes with diesel particulate filters or exhaust treatment technologies. The grant also will allow the future Middle Harbor terminal to fund five yard tractors to run on electricity instead of diesel.
Piers A and J are operated by SSA Terminals. Middle Harbor will be operated by Long Beach Container Terminal (LBCT), currently at Pier F. The total project cost is $3.98 million with the terminal operators picking up $2.64 million of the bill.
More at the Port of Long Beach web site
JH Kelly and Borton were competing with Minnesota-based T.E. Ibberson, which built the EGT grain terminal at the Port of Longview. Union trade workers rallied in support of Kelly, saying they feared that Ibberson would hire mostly out-of-town workers, as it did at EGT. Northwest Labor Press photo.Longview contractor JH Kelly will receive a large portion of a $50 million contract to expand the Temco grain terminal at the southern end of the Port of Kalama, a Kelly official said.
Although the owners of Temco and the general contractor, Kansas-based Borton LC, are ironing out final details through the end of this month, JH Kelly officials say they are preparing to start work at the terminal in the beginning of 2013. … Temco — a joint venture owned by Minnesota-based cooperative CHS Inc. and Cargill — is planning to build eight to 12 new silos, new rail lines and new conveyor belts to boost it grain-handling operation.
More in the Daily News
ITF unions provided support and solidarity for the Turkish workers.Turkey’s government has withdrawn a controversial ban on strikes in civil aviation in the face of determined national and international protests.
The ban had been added to Law 2822, passed earlier this year. This is now being wholly replaced by a new Collective Labour Relations Law, which has just been passed by the Turkish parliament and is awaiting presidential approval. The amendment that took away aviation workers’ right to withdraw their labour has been completely removed.
ITF (International Transport Workers’ Federation) general secretary David Cockroft commented: “This ugly attack on fundamental rights was rightly decried by Turkish aviation union Hava-Is and by the ITF. We are delighted that those protests have paid off and this shabby piece of legislation has been buried. This fulfils the promise made personally to me by the Turkish labour minister that this provision would be dropped. However, we are still awaiting the results of his promise to intervene to get 305 workers at Turkish Airlines – who were sacked for protesting against the proposed change to the law – reinstated.”
ITF...
Source: fibre2fashion
Source: MN AFL-CIO
Source: In These Times
Source: NYTimes
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