Friday , 23 August 2019
Latest News

Author Archives: Emmanuel Mair

Egypt arrests 13 Muslim Brotherhood members on suspicion of Suez Canal bomb plot

(Unrelated) US Naval forces passing through the Suez Canal last month Credit: US Sixth Fleet

Egyptian authorities have arrested 13 Muslim Brotherhood members for allegedly planting bombs around the Suez Canal according to security sources from Reuters. Prosecutors said that the 13 men had planted bombs in sanitation and electricity facilities as well as on beaches and ordered that they be detained for 15 days. The arrests, which were made yesterday (6 June), come exactly ... Read More »

Congress bills on port labour not “necessary”, says US Labour Secretary

The US secretary of labour, Thomas Perez, has deemed several bills before Congress, which aim to make the union disruption of port operations more unlikely, as not “necessary”. He praised the way the stand-off between the International Longshore Workers Union (ILWU) and the Pacific Maritime Association (PMA) was ended in February, endorsing the “collective bargaining process”. His comments mean that ... Read More »

South Korean candidate Lim Ki-Tack elected as new IMO Secretary-General

South Korea’s Lim Ki-Tack, president of the Busan Port Authority, has been elected as secretary-general of the International Maritime Organisation (IMO). At the election today (30 June) in London, Lim overcame challengers from Denmark, Cyprus, Russia, Kenya and the Philippines, defeating Danish candidate Andreas Nordseth in the final round of voting. He will assume his four-year post at the end ... Read More »

OECD cautions transport sector about the impact of mega-ships

The MSC Oscar is currently the world's largest container ship

The International Transport Forum (ITF), which is the transport arm of the Organisation for Economic Cooperation and Development (OECD), has warned of the costs of mega-ships to the container industry as a whole in its latest report. According to the research, entitled “The Impact of Mega-Ships”, cost savings related to mega-ships are “decreasing with size” and annual transport costs for ... Read More »

Ports of Ashdod and Haifa hit by surprise strike

A surprise wildcat strike by Israeli port workers in the state-run ports of Ashdod and Haifa ended on Thursday (28 May) night after a two-day shutdown. Even though the Labour Court in both Ashdod and Haifa deemed the strike illegal and ordered workers to return to their posts, it took intervention from the Histadrut Labour Federation, an umbrella union for thousands ... Read More »

China seeks to strengthen ports and shipping influence in Colombo

China Merchants Holding (CHM), a subsidiary of China Merchants Group, is looking to invest in a new container terminal in Sri Lanka’s Port of Colombo. CHM is expected to be limited to a 49% stake in East Container Terminal, owing to Sri Lanka’s new joint venture regulations while the Sri Lankan Ports Authority (SLPA) will own the remaining 51%. Ports minister, ... Read More »

Details of Port of Melbourne privatisation plan announced

The Port of Melbourne is being fought over in the State parliament
Credit: David Wallace

The Government of the State of Victoria in Australia has released details of the plan to privatise the Port of Melbourne, which will be voted on by the state parliament. The bill specifies that the port will be leased to private interests for 50 years and that the government expects to raise AU$5bn (US$3.85bn) to AU$6bn (US$4.63bn). Under the proposals, ... Read More »

West Coast longshore workers vote for new 5-year contract

A union dispute was one of the key factors behind the West Coast ports' gridlock earlier this year

Workers from the International Longshore and Warehouse Union (ILWU) have voted to ratify a tentative agreement with the Pacific Maritime Association (PMA) over a five-year-long labour contract. ILWU members from 29 West Coast ports voted 82% in favour of approving the five-year deal, compared to the 75% that voted in the previous contract. The new agreement will expire on 1 July ... Read More »

Panama canal CEO says that canal volumes will not return to pre-crisis peak

The Panama Canal’s container traffic is unlikely to return to 2007’s pre-crisis levels according to Jorge Quijano, CEO of the Panama Canal Authority. In an interview with the Financial Times, the canal’s top executive cited changing patterns in global trade and manufacturing plus the increasingly austere behaviour of US consumers. The trend of booming container trade has “peaked”, he said, ... Read More »

Maersk and CMA CGM to increase freight rates by up to $1,000 per teu

Maersk Line has announced a freight rate hike of US$800 per teu while CMA CGM intends to up its rates by US$1,000 per teu on the Asia-Europe trade from 1 June. This goes against the grain since total weekly capacity in the Asia-Europe trades is projected to increase by 9.1% in 2015 according to Alphaliner. Maersk has significant influence in ... Read More »