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FAQDubai’s DP World to Buy Prince Rupert Terminal – Dubai based DP World is set to purchase Fairview Terminal in Price Rupert for $580 million. Its current owner, Deutsche Bank, had been seeking buyers since last year after originally acquiring the asset in 2007. DP World CEO Mohammed Sharaf said that the terminal “offers the highest productivity rates on the West Coast.” The terminal also plans to expand its current 850,000 TEU capacity to 1.35 million.
Read more from The Northern View
ILWU Begins West Coast Caucus – The International Longshore and Warehouse Union (ILWU) began meetings this week to determine whether the union will recommend approval of the proposed Pacific Maritime Association (PMA) labor contract. The contract was tentatively agreed upon in late February and would govern work at U.S. West Coast ports for the next 5 years.
Although the contract is expected to be ratified by the ILWU in April, there is a vocal minority lobbying against ratification. If this week’s caucus votes against approval, the PMA and ILWU will return to negotiations. In this case, congestion problems would likely start to worsen.
Read more from the JOC
Port of Long Beach Launches New Vessel Visibility Website – The Port of Long Beach launched a new webpage to help users access information about vessel statuses within the port. As of this Wednesday, 9 container ships remain anchored off the two port complex, down from a high of 28 in mid-March.
Learn more from the Port of Long Beach
