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Source: Labor Notes
Australian coal giant Ambre Energy hopes to open a $250 million Columbia River coal export terminal by late next year.
That won’t likely happen if the U.S. Army Corps of Engineers decides to require an environmental impact statement. The exhaustive regulatory procedure could delay Ambre’s aspirations by several years.
The pending ruling — which the Corps could make by the end of summer — marks a critical decision point for the so-called Morrow Pacific Project, arguably the most advanced of the three major terminal proposals that involve shuttling coal from the Powder River Basin of Montana and Wyoming to Asia by way of the Portland region.
From Sustainable Business Oregon
The Panama Canal Authority is increasing the number of shipping segments from eight to ten that will have to pay the increased tolls from eight to ten.
The containerised and breakbulk shipping sectors were to have been included in the ACP’s original toll hike proposal that was subsequently postponed until October 2012 and October 2013, respectively, but were spared from the higher charges for the time being.
From Heavy Lift
Excerpts from Wednesday’s Journal of Commerce:
Negotiations for a new International Longshoremen’s Association contract covering dockworkers at East and Gulf Coast ports broke down Wednesday, and ILA President Harold Daggett warned that a strike is likely when the current contract expires Sept. 30.
“It looks like we’re going to have a strike,” Daggett told The Journal of Commerce after what was expected to be three days of negotiations with United States Maritime Alliance ended abruptly after a 20-minute meeting.
Daggett said he would ask USMX for a final offer to present to the union’s 200-member wage scale committee. “I expect they’ll reject it, and vote to go on strike,” he said.
More at this link
Russia, with the world's fourth-largest expanse of arable land and huge potential for modernisation in the agriculture industry, is trying to position itself long term to double grain exports and grab a bigger share of growing world food demand.
Russian aluminium tycoon Oleg Deripaska’s vehicle Basic Element (BasEl), a long-time investor in agriculture, has decided to start trading grain, aiming to sell direct to world markets instead of through Louis Dreyfus and Glencore.
Wheat production from the Black Sea-region producing countries – Russia, Ukraine and Kazakhstan, which normally supply a quarter of world wheat export volumes – is expected to drop 30 percent this year to 70 million tonnes because of a drought, according to Reuters poll.
More at Reuters
Source: gCaptain/Dow Jones
Source: Labor Notes
Source: Labor Notes
Source: Business Journal
Source: Washington Post
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