Beijing | Reuters — China plans to subsidize grain transportation and storage facilities in the latest push by Beijing to modernize the world’s largest agriculture sector. Beijing will subsidize projects upgrading or building facilities to load and receive grains along main railways and ports for major waterways including the Yangtze and Pearl rivers, a document […] Read more
Tag Archives ports — page 5
China to subsidize grain transportation, storage
Cargill CEO sees Harvey not likely weighing much on farm freight
Mexico City | Reuters — Global commodities trader Cargill does not expect a significant impact on freight costs or logistics from the massive flooding caused by Hurricane Harvey in Texas and Louisiana, its top executive said Friday. Cargill CEO David MacLennan said while it was still too early to assess the full impact of the […] Read more
Owen Sound, Baie-Comeau in revamped port sale program
Two ports hosting grain terminals are up for sale and possibly divestiture under a new federal program to get out of the port business. Transport Minister Lisa Raitt on Friday announced a new Ports Asset Transfer Program (PATP) to “facilitate the transfer” of port facilities to other owners or levels of government, naming 50 ports […] Read more
U.S. farmers hit hard by labour strife at West Coast ports
Los Angeles | Reuters –– Protracted labour strife and shipping disruptions at U.S. West Coast ports have hit farmers especially hard, posing a major barrier to perishable goods headed to overseas markets and resulting in losses estimated at hundreds of millions of dollars a week. Foreign Pacific Rim customers facing chronic delays in shipments of […] Read more
U.S. West Coast port operations resume, more labour talks scheduled
Los Angeles | Reuters — U.S. West Coast port operations resumed in full on Monday after shipping companies suspended loading and unloading of freighters for the weekend, citing chronic cargo backups the shippers and dockworkers have blamed on each other during months of labour tensions. Reopening of the ports to cargo vessels idled by the […] Read more
U.S. shippers say West Coast ports near gridlock on stalled contract talks
San Francisco | Reuters — Cargo traffic at several of the biggest U.S. West Coast ports has slowed to near gridlock, negotiators for shipping lines and terminal operators for 29 ports said on Monday as contract talks with the dockworkers’ union remain strained. Union officials however have denied staging slowdowns, saying some of decisions by […] Read more
Striking port workers in Argentine grains hub halt shipping
Buenos Aires | Reuters — Port workers in part of the Argentine grain hub of Rosario went on strike on Thursday to demand a year-end bonus, paralyzing ship movements, said the head of the powerful CGT union’s local branch. Wage increases are lagging behind Argentina’s soaring inflation rate, which some private economists estimate is around […] Read more
U.S. shippers, West Coast dockworkers resume contract talks
Los Angeles | Reuters — Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports resumed contract talks with the union for dockworkers on Thursday, as cargo backups continued at the ports, a representative for the labour group said. Officials from the Pacific Maritime Association and the International Longshore and Warehouse Union […] Read more
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