Feed items

On Wednesday, Canadian National Railway Co Chief Executive Claude Mongeau said the railway would consider expanding its capacity if grain handlers do the same.Three Canadian grain handlers said this week that they will expand facilities to handle the country’s crops, after a record-smashing harvest overwhelmed the transportation system.
Viterra, owned by Glencore Xstrata PLC, said on Thursday it will spend C$100 million ($92 million) to boost grain shipping through Port Metro Vancouver, while CWB, formerly known as the Canadian Wheat Board, said it is building a second Western Canadian grain elevator.
Global commodities trader Cargill Ltd said on Wednesday that it would expand an elevator site in Manitoba.
More at Reuters

The Philippines’ International Container Terminal Services Inc (ICTSI) said on Thursday it had agreed to operate, develop and expand Iraq’s largest port facilities and invest $130 million in the first phase of the deal.
ICTSI, owned by the Philippines’ fourth-richest person Enrique Razon, operates the Southeast Asian country’s biggest ports and has terminal concessions and port development projects in more than a dozen other countries, including in Indonesia, Japan, China, the United States, Brazil, Colombia, Ecuador, Poland, Pakistan and India.
More at Reuters

Westerlund is loading its third ship, the Panamanian-flagged Loch Maree, for Murphy’s. Before that, Westerlund loaded 18 shiploads of logs for CNBM and bound for China. Photo of previous Astoria log operation by Jeff Smith, ILWU Local 8.Murphy’s Overseas USA, known locally as Astoria Forest Products, filed suit in early March to protect itself from an escalating conflict between its new customer Westerlund Log Handlers and parts of a Global Fortune 500 company China National Building Materials (CNBM).
The complaint claims that CNBM contacted Murphy’s, stating it had a security interest in Westerlund’s accounts. It demanded that Astoria Forest Products pay CNBM instead of Westerlund.
“We have buyers in Korea,” said Murphy’s lawyer Mike Esler. “The concern we have is that if Westerlund goes out of business … that we won’t be able to ship our logs. As we became more aware of the CNBM issue, we made sure that we’d be able to continue shipping logs.”
More at the Daily Astorian

Please log in to view content

To view the content on this page, please log in to your account.