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Source: Washington Business Journal
From the Journal of Commerce:
Negotiations are resuming this week at East and Gulf Coast ports on local agreements that supplement the coastwide master contract between the International Longshoremen’s Association and its employers.
The ILA and United States Maritime Alliance tentatively agreed Friday night on a six-year master contract. … The ILA-USMX coastwide agreement is contingent on negotiation of local contracts covering work rules and other port-specific issues, and on ratification by both sides.
More at the JOC (subscription required)
This Dec. 5, 2012 photo provided by The United States Coast Guard shows barges passing in tight quarters due to low water levels as they navigate the Mississippi River near St. Louis. (AP Photo/United States Coast Guard, Colby Buchanan)
Excerpts from National Geographic News:
The middle Mississippi—the 200-mile (322-kilometer) stretch from St. Louis to Cairo, Illinois—is experiencing drought conditions unrivaled in the last 50 years.
The result is that transport along the Mississippi is down dramatically. Barges have had to lighten their loads considerably to avoid bottoming out. Right now barges on the middle Mississippi can only afford to sink 9 feet (2.7 meters) into the water, some only 8 feet (2.4 meters). They usually run 12 feet (3.7 meters) deep, more laden with goods to get them to market faster and cheaper.
One of the effects is that farmers on the middle Mississippi, the drought-strapped area, are paying a dollar more to ship each bushel of crops than are farmers on the lower Mississippi, who can fully load barges before sending them down the river. … Sixty percent of farm exports for the entire U.S.—largely corn and soybeans—move along the...
The world’s second-biggest shipping line is bolstering its presence at the Port of Long Beach with a major long-term leasing partnership that will double its stake in Long Beach, the head of the port announced Thursday.
Mediterranean Shipping Co.’s partnership with Total Terminal International in Pier T is considered a major win for the Port of Long Beach, which is facing stiff competition from ports in Los Angeles, Panama, Canada and Mexico.
More at the Press-Telegram
Source: Bloomberg
Source: Badidas
Source: Badidas
Source: Badidas
Source: SafetyAtWorkBlog
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