MSC TO TAKE OVER WILSON SONS IN $768M DEAL Swiss-based liner giant Mediterranean Shipping Co (MSC) has struck a deal via its subsidiary Shipping Agencies Services (SAS) to acquire a majority stake in Brazilian port and maritime logistics operator Wilson Sons. London-listed Ocean Wilsons Holdings said in a filing Monday it is selling its 56.47% …
FLORIDA PORT GETS $9.5M IN MILTON STORM FUNDING Florida’s SeaPort Manatee will receive $9.5 million in state emergency funding to aid recovery from Hurricane Milton. The funding comes as fuel, food and other goods begin to move through the maritime hub near Tampa Bay. The port serving southwest and central Florida suffered an estimated $200 …
American port strike comes to an end This week’s port strike across the US east and Gulf coasts came to an end on Thursday after dockworkers struck a tentative deal with port operators. The International Longshoremen’s Association (ILA) announced that the union had reached an agreement with the United States Maritime Alliance (USMX) on wages, …
RECESSION FEARS STOKED ON DAY THREE OF AMERICA’S PORT STRIKE Around 45,000 dockworkers at ports stretching from Maine to Texas went on strike on Monday night in the largest terminal industrial action seen anywhere in the world this century, something that has seen several box lines call force majeure this week. The International Longshoremen’s Association …
ILA contract negotiations: US supply chains brace for disruption As the Sept. 30 deadline for the International Longshoremen’s Association (ILA) contract renewal passed, negotiations have reached a standstill, leaving the specter of a potential strike hanging over U.S. supply chains. With little progress made in bridging the gap between union demands and the position of …
MSC SET TO MORE THAN DOUBLE ITS SHARE OF SLOT-SHARING AGREEMENTS Global liners last week announced en masse their schedules on the main east-west trades come February next year when old agreements expire, and new groupings emerge. Among the key takeaways was how Mediterranean Shipping Co (MSC), the world’s largest container line, will not, as …
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