A U.S. federal mediator says an agreement has been reached in a port dispute, averting for now a strike by thousands of longshoremen at major U.S. ports. The director of the Federal Mediation and Conciliation Service, George Cohen, says a container royalty payment issue has been agreed upon in principle between the United States Maritime […]
Labor Dispute at Key US Cargo Port Turns One Week Old
Posted December 4th, 2012 at 9:00 am (UTC-5)
Negotiations to end a strike at the biggest cargo port complex in the United States continued Monday, as the dispute enters its second week. Unionized clerical workers at the Los Angeles and Long Beach ports in California walked off the job last Tuesday, claiming that shippers who operate out of the twin ports want to […]
Sri Lanka Signs $500 Million Port Deal with China
Posted August 16th, 2011 at 2:00 pm (UTC-5)
Sri Lanka’s government has signed a $500 million deal with China to build a new container terminal at the country’s main port in the capital, Colombo. Sri Lanka’s Foreign Ministry says the deal is the country’s largest private-sector foreign investment. The port will be upgraded in two phases with the first part being completed by […]
Iraq Urges Kuwait To Stop Port Building
Posted July 27th, 2011 at 10:15 am (UTC-5)
Iraq has asked Kuwait to suspend work on a controversial megaport in the Persian Gulf due to concerns that it could hurt Baghdad’s shipping interests. Iraqi spokesman Ali al-Dabbagh released a statement Wednesday saying his government has asked Kuwait to stop construction of the Mubarak Port on Bubiyan Island until it could assure Iraq that […]
