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Month: October 2014

Hyundai Heavy slumps as workers go on strike

Unionized workers of Hyundai Heavy Industries endorsed a strike over wage and benefits, threatening to halt production at the world’s largest shipbuilder for the first time in 20 years. Shares of Hyundai Heavy slumped 3.4% in...

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Matson reduces fuel surcharge

From the Star-Advertiser: Matson Inc., the state’s largest ocean cargo carrier, said Thursday it will lower its Hawaii fuel surcharge by 5 percentage points to 37.5 percent Nov. 2 to compensate for falling ship fuel...

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APMT disputes ITF on Aqaba port strike

From the Journal of Commerce: APM Terminals has disputed the International Transport Workers Federation’s description of last week’s strike at Aqaba Container Terminals in Jordan as a “victory” for the union representing the...

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