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Hanjin Shipping Company Ltd. will not be building a $300 million container shipping terminal at the Port of Jacksonville, Jacksonville Port Authority Interim CEO Roy Schleicher said Thursday morning.
Weakness in the economy caused the project’s demise, not the 47-foot dredging depth planned for the St. Johns River shipping channel, which Jaxport voted to pursue last month. The Hanjin contract had said the company required a depth of 50 feet.
Hanjin had been stretched thin from terminals it built in Korea, Spain and Vietnam. And Jaxport could not easily issue bonds for the project, which would have been publicly financed and repaid through Hanjin’s lease payments.
More at the Jacksonville Business Journal
Union offers ILWU-TEMCO agreement as a template for negotiations; employer group refuses to budge from their November 16 ‘last, best and final’ proposal which members rejected by more than 90%
PORTLAND, OR (March 22, 2013) – Negotiations between the ILWU Locals 4, 8, 19, 21 and 23 and three members of the Pacific Northwest Grain Handlers’ Association broke down today during the first bargaining session the two sides have scheduled in three months. The union ratified an interim collective bargaining agreement with U.S.-based TEMCO, a joint venture between Cargill and CHS, and offered the ratified agreement for the remaining members of the multi-employer group to review. The three foreign-based employers refused to even discuss the TEMCO agreement, and talks broke down. The second day of scheduled bargaining has been cancelled, and no additional talks are scheduled.
Pacific Northwest Grain Handlers Association members include:
Employer
Status
U.S.-based Cargill and CHS (Three TEMCO elevators in Tacoma, Kalama and Portland)
Ratified 5-year interim collective bargaining agreement with ILWU in March 2013.
Japan-based Mitsui (owner of...
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