ports
HOUSTON (Reuters) – At least one oil and gas platform in the U.S. Gulf of Mexico was shut on Monday and Florida ports imposed restrictions on vessel navigation as Hurricane Milton rapidly intensified. Most energy infrastructure on the U.S. Gulf Coast, including oil and gas production facilities, liquefied (LNG) plants…
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street has weathered an edgy start to the final quarter reasonably well this week, with the September employment report now an obvious final hurdle on Friday and firmer oil prices an irritant even as a…
NEW YORK (Reuters) – The largest dockworker strike in nearly fifty years has entered its third day at U.S. East Coast ports, threatening shortages of goods ranging from bananas to auto parts and causing a backlog of ships anchored outside major ports. Major retailers are implementing back-up shipping plans to…
The dockworkers strike is having an immediate effect on the flow of goods through Eastern US ports.Ship tracking data show a growing number of vessels sitting at anchor near closed facilities.Experts tell BI the impact of the backlog will reverberate long after an agreement is reached. For the first time…
By Doyinsola Oladipo NEW YORK (Reuters) – Long lines of container ships queued up outside major U.S. ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day preventing unloading and threatening shortages of everything from bananas to auto parts. No negotiations were scheduled…
(Reuters) – Some 45,000 union workers walked off the job at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off vital trade arteries just weeks ahead of the nation’s presidential election. The International Longshoremen’s Association (ILA) union, which represents dockworkers across 36 ports on the U.S.…
(Reuters) – Talks between the International Longshoremen’s Association (ILA), which represents 45,000 port workers, and the United States Maritime Alliance (USMX) employer group appear deadlocked on wage issues ahead of a Sept. 30 deadline to reach a new contract deal. The union, which represents dockworkers across 36 ports on the U.S.…
By Olga Popova and Gleb Stolyarov MOSCOW (Reuters) – Russia, the world’s leading wheat exporter, is expanding its Baltic Sea ports as it aims to boost agricultural exports by 50% by 2030 while reducing dependence on traditional Black Sea routes, officials and executives said. The country, which exported at least…
The cruise ship capital of the world unveiled its new shore power system this week, an innovative energy source that will help curb the industry’s negative climate impacts.Cruise ships docking at PortMiami are now able to plug into massive electrical outlets instead of running their diesel engines while idle.Large commercial…
