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Posted August 25, 2017
  
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Posted August 21, 2017

ILWU Contract Extension 

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Posted July 27, 2017

After months of rumors, last week Cosco and Shanghi International Port Grp. (SIPG) put in an offer to acquire Orient Overseas International Grp (OOIL) and their container shipping line OOCL. If and when the two companies combine, Cosco plans to hold 90.1% of OOIL’s shares, while SIPG will hold the remaining 9.9% of the shares.

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Posted July 11, 2017

As of July 1st, 2017, long-shore wage and assessment rates have a combined increase of 2.3% at the Ports of LA/LB.

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Posted June 28, 2017

Last week, the main container terminal groups (such as APM Terminals, BEST-Hutchison, MSC, TTIA and Noatum), in disagreement with ANESCO, signed separate agreements with the stevedores. The agreements will commit them to negotiate the 5th framework agreement for the Spanish stevedore sector. The contract will also guarantee 100% employment against a 10% reduction of stevedore's salaries. Negotiations for the signature of the 5th framework agreement will be finalized by September 30th.

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