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Source: Bernie Sanders
Source: Huffington Post
Obama said he had acted in Congress last year to speed up on the process of new port projects, especially in the Gulf of Mexico.US President Barack Obama says the country’s ports will have to ready to handle larger vessels that will transit the expanded Panama Canal or risk losing business.
President Obama was visiting the port of Jackonsville and the TraPac terminal operated by Mitsui OSK Lines, along with US Transportation Secretary Anthony Foxx last week.
“In a couple of years, new supertankers are going to start coming through the Panama Canal. Those supertankers can hold three times the amount of cargo. We want those supertankers coming here to Jacksonville,” Obama said in a speech at the Jacksonville port terminal building.
More at SeaTrade Global
From the Bulletin Panama:
The Panama Canal Pilots affiliated with the ILWU in 2011.The Panama Canal expansion is scheduled to finish in June 2015 and the question arises whether pilots and other personnel of the Panama Canal Authority (ACP) are prepared for the challenge of guiding the enormous Post Panamax ships through the locks.
According to Captain Rainiero Salas, President of the Panama Canal Pilots’ Association (Asociación de Prácticos del Canal de Panamá) that is not the case, which means that lack of training could reduce the efficiency of the Canal’s operations jeopardizing the safety of the super ships in the future.
Captain Salas said that the main problem is the way the third set of locks is going to operate. Currently the vessels enter the locks and are guided by the pull of electric locomotives or “mules”, and a ship approaching the locks first pulls up to the guide wall, which is an extension of the centre wall of the locks, where it is taken under control by the mules on the wall before proceeding into the lock. As it moves forward, additional lines are taken to mules on the other wall. With large ships, there are two mules on each side at the...
Publicado en The Bulletin Panama:
La Asociación de Prácticos del Canal de Panamá se afiliaron con el ILWU en 2011.La ampliación del Canal de Panamá está programada para terminar en junio de 2015 y la pregunta es si los pilotos y demás personal de la Autoridad del Canal de Panamá (ACP) están preparados para el reto de guiar a los enormes buques Post Panamax a través de las esclusas.
Según el capitán Rainiero Salas, presidente de la Asociación de Prácticos del Canal de Panamá, ese no es el caso, lo que significa que la falta de formación podría reducir la eficiencia en las operaciones del Canal y comprometer la seguridad de los buques súper en el futuro.
El Capitán Salas dijo que el principal problema es la forma en que el tercer juego de esclusas funciona. Actualmente los buques entran a las esclusas y son guiados por de locomotoras eléctricas o “mulas” que los halan, y un barco que acercar a las esclusas, primero es llevado hacia el muro guía, que es una extensión de la pared central de las esclusas, donde la nave es controlada por las mulas antes de continuar hacia las esclusas.
A medida que avanza se agregan líneas adicionales a las mulas en la otra...
Judge describes attempts by the Dubai business to reduce its tax bill as ‘a scripted game of charades’
A complex and aggressive attempt to avoid UK tax on an international ports business controlled by the billionaire ruler of Dubai has been thrown out by a tax tribunal, which branded the scheme “an elaborate trick”. The scheme would have secured £14m in tax relief. It was devised in 2004 by P&O, the ports business that was then independent and listed on the London stock exchange.
The DP World tax avoidance plan – known as the “Dear Simon scheme” after a letter at the centre of the case – sought to exploit complex international treaty rules designed to facilitate global trade by making sure profits are not taxed twice in different jurisdictions.
A flurry of transactions P&O orchestrated among UK and Australian subsidiaries in October 2004 sought to create a UK tax credit for foreign tax payments artificially. Such avoidance structures are known as “rate booster” schemes in the tax avoidance industry.
More at the Guardian
Marubeni Corp. (8002), Japan’s biggest agricultural trader, sees China’s demand for imported corn rising almost fourfold within a decade as the company seeks to raise its share to 20 percent.
With the $2.7 billion purchase of the third-largest U.S. grain merchandiser Gavilon Group LLC this month, Marubeni has increased its corn supply and will use that to boost Chinese exports, said Daisuke Okada, a managing executive officer at the Tokyo-based trading company. Marubeni already supplies about 20 percent of China’s soybean imports, he said.
“I’d like to have our market share at 20 percent, that’s the figure we want to see in all the countries we sell in,” Okada said at a briefing recently. “China’s demand for coal, metals and so on is weakening but there’s no stopping of growth for grains.”
China bought a record 5.23 million tons of corn in the marketing year ended Sept. 30, according to the USDA.
Buying Gavilon has given Marubeni access to 144 American grain collection and storage facilities, as well as trading and sourcing relationships with producers in Australia, Ukraine and Brazil, among others. Together with Marubeni’s current assets, the trader...
Source: Labor Notes
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