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Source: Public Record
Source: AFL-CIO
Two recent news items about DP World:
Dubai’s DP World is selling its breakbulk terminal in Antwerp to focus
on its core container operations at the Belgian port. … DP World will concentrate its deep-sea container traffic in Antwerp, Europe’s third-largest box hub, at its 42.5 percent-owned Antwerp Gateway Terminal, which it operates in partnership with [several other carriers.]
">More in the Journal of Commerce
DP World has sold its 50 percent stake in the container terminal in Yemen’s port of Aden just four years into a 30-year management deal aimed at transforming the Red Sea facility into a regional transshipment hub. DP World’s exit from Aden had been expected as the company faced criticism from the Yemeni government over its alleged failure to complete investment projects on time. More in the Journal of Commerce
State-owned China Shipping is planning to order up to 20 new supertankers for the fleet of a joint venture aimed at giving Beijing more control over its energy supply chain but which will add to the vessel glut in the struggling freight market.
A Chinese ship buying spree would provide much needed business to the domestic shipbuilding market, the world’s second largest. Hundreds of small to mid-sized shipyards are teetering on the brink of bankruptcy as foreign orders dwindle and domestic lenders slash credit.
But any new vessels will add to an already oversupplied global shipping market which is struggling with dwindling clients and falling rates.
From Reuters
MUA WA Secretary Chris Cain said around 160 union members walked off the job at 5.30 Tuesday morning.
Dozens of dock workers have blockaded one of Perth’s busiest ports, as the Maritime Union of Australia began a four-day strike over pay and rosters.
The strike follows a failed Enterprise Bargaining negotiation with the Fremantle Ports Authority.
Fremantle Ports management said some boats had successfully moored at Fremantle Harbour, despite most of the mooring staff being on strike.
But MUA members successfully blockaded a coal ship that was due to unload at Kwinana Port.
WA Treasurer Troy Buswell branded the union’s demands as ‘fanciful’ in the current economic climate.
More at Sky News
The Maritime Union of Australia plans to hold protests until Friday.
About 100 waterside workers are protesting over pay and conditions outside the Kwinana Bulk Terminal in Naval Base.
The MUA and Fremantle Port held an emergency meeting a short time ago but failed to reach an agreement.
Earlier in the day the West Australian Transport Minister, Troy Buswell, accused the union of holding the port, and the state, to ransom with planned industrial action over roster changes.
Mr Buswell says its demands are fanciful, particularly in the current economic climate. He also took a swipe at the Federal Government’s Fair Work system saying it is failing the State’s economy which depends on the port.
More at ABC Australia
Source: The Statesman
Source: In These Times
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