The Wall Street Journal reported that Temasek Holdings, a Singapore owned investment company, has put Neptune Orient Lines, the parent company of APL, up for sale.
Legislation that would gut the collective bargaining rights of maritime labor, both shoreside and seagoing, was introduced on June 4, by Senator Cory Gardner (R-Colorado).
Matson stated that since the transaction was a "merger" the company would honor Horizon’s existing collective bargaining agreements.
"If asked about the Jones Act – I am an ardent supporter of the Jones Act. [The Act] supports a viable ship building industry, cuts cost and produces 2500 qualified mariners. Why would we tamper with that?" said U.S. Air Force General Paul J. Selva, Commander, U.S. Transportation Command.
A milestone in the history of the American maritime labor movement was reached this month as the Sailors’ Union of the Pacific observed the 130th Anniversary of its founding and the enactment of the LaFollette Seamen’s Act marked its centennial.
Senator McCain’s attempt to gut the Jones Act turned into an exercise in futility as his amendment to the Keystone XL Pipeline bill was never brought up on the Senate floor for a vote prior to the final vote on the pipeline on January 29. The Arizona Republican’s amendment would have repealed the provision of the Jones Act.
Senator John McCain (R-AZ) introduced an amendment to the Keystone XL Pipeline Bill that would repeal the provision of the Jones Act that requires vessels trading domestically be built in the United States.
SUP-contracted American President Lines got a boost this month when Maersk Line announced it was terminating its four-ship, U.S.-flag, TransPacific service in January.
Matson, Inc. and Horizon Lines, Inc. announced on November 11, that Matson and Horizon have entered into a definitive "merger" agreement.
"Our very first Congress singled out the domestic U.S. Merchant Marine as essential to our economy and national defense..."