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Honolulu-based ocean shipper Matson Inc. on Thursday reported a net income of $15.6 million, or 36 cents per diluted share, for the fourth quarter of 2012, compared to net income of $1.6 million, or 4 cents per diluted share, during the same quarter in 2011.
Matson, however, reported that Hawaii container and auto volume was negatively affected in 2012 because of construction activity, competitive rates, a market contraction due to foreign sourcing of cargo and the timing of automobile rental fleets being replaced. But the company indicated that it believes the state’s economy is rebounding with an uptick in construction and consumer spending in the fourth quarter.
More at Pacific Business News
Greek dockworkers strike, February 2013
The ITF has written to the Greek Prime Minister, Antonis Samaras, and the Minister of Shipping and Aegean, Kostas Mousouroulis, urging the government to withdraw the civil mobilisation order implemented on 5 February to order striking seafarers’ back to work or face arrest.
The strike, which started on 31 January, is over seafarers’ demands for months of unpaid wages and the repeal of a draft law that weakens their union, ITF affiliate the Pan-Hellenic Seamen’s Federation.
In his letters, on 6 February, ITF acting general secretary Stephen Cotton said:
Stephen Cotton“We see the issuing of a civil mobilisation order for Greek seafarers on passenger vessels as an authoritative attempt to break the fair and democratic decision to protest to defend workers’ rights. This is not the first time that the government of Greece has tried to break the Greek union movement by forcibly restricting labour rights.
The ITF sees no justified reason for the hard line held by the government against the Pan‐Hellenic Seamen’s Federation and the seafarers they represent. The unfortunate economic situation in Greece and most parts...
Source: NYTimes
Source: US Department of Justice
Source: US Department of Justice
Source: Times Union
Source: Catalyst
From the Journal of Commerce:
The ports of Los Angeles and Long Beach were open for business Friday despite the rejection of a tentative contract agreement by office clerical workers.
However, what the next step will be involving the Office Clerical Unit of International Longshore and Warehouse Union Local 63 and waterfront employers is uncertain at this time.
Cargo interests are concerned that a prolonged impasse could lead to a repeat of contract negotiations last fall that resulted in an eight-day strike at 10 of the 14 container terminals in the port complex.
More at the JOC
Puerto Cortes, HondurasThe Philippines’ International Container Terminal Services, Inc (ICTSI) has on a tender to design, build and operate a terminal at Puerto Cortes in Honduras, bolstering its global footprint. The contract stipulates ICTSI can run the port for a period of 30 years.
ICTSI is involved in 27 terminals in 19 countries worldwide. The operator said at the start of this year it aims to sign 10 port contracts in the next 10 years pursuing emerging market opportunities.
From Sea Ship News
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