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  • LOS ANGELES, Feb 18- Two U.S. Cabinet secretaries joined congressional leaders, three governors and a big-city mayor on Wednesday in pushing shipping lines and the dockworkers' union to settle a contract dispute that has led to months of turmoil and cargo backups at 29 West Coast ports. Labor Secretary Tom Perez and Commerce Secretary Penny Pritzker weighed in...

  • LOS ANGELES, Feb 18- The U.S. labor secretary joined congressional leaders and three governors on Wednesday in pressing shipping lines and the dockworkers' union to settle a contract dispute that has led to months of turmoil clogging cargo traffic at 29 West Coast ports. Tom Perez, the labor secretary, was sent to San Francisco as an emissary of President Barack...

  • Weak vessel demand keeps Baltic index at record lows Wednesday, 18 Feb 2015 | 10:57 AM ET

    Feb 18- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, hit another record low on Wednesday as demand for vessels fell ahead of the Lunar New Year holiday. Average daily earnings for capesizes, which typically transport 150,000 tonne cargoes such as iron ore and coal, decreased $274 to $5,447.

  • Labor Secretary Tom Perez met contract negotiators for shipping companies and the dockworkers' union in San Francisco on Tuesday, urging them to settle a dispute that has led to months of clogged cargo traffic and other disruptions at West Coast ports. Perez was sent to California by President Barack Obama, who has come under mounting pressure to intervene in...

  • LOS ANGELES, Feb 17- U.S. West Coast ports that were closed to incoming cargo vessels during the holiday weekend reopened in full on Tuesday as Labor Secretary Tom Perez arrived in San Francisco seeking to broker a settlement ending months of shipping disruptions. "Secretary Perez has meetings with both parties today in San Francisco," spokeswoman Xochitl...

  • LOS ANGELES, Feb 17- U.S. West Coast ports that were closed to incoming cargo vessels during the holiday weekend reopened in full on Tuesday as Labor Secretary Tom Perez arrived in San Francisco seeking to broker a settlement ending months of shipping disruptions. But there was no immediate word on exactly when or under what conditions he would join in talks...

  • LOS ANGELES, Feb 16- A partial shutdown of 29 U.S. West Coast ports stretched into a third day on Monday ahead of the U.S. labor secretary's scheduled arrival in San Francisco to try to broker a settlement ending months of disruptions on the cargo-clogged docks. Neither the International Longshore and Warehouse Union nor the shipping companies' bargaining agent,...

  • LOS ANGELES, Feb 16- A partial shutdown of 29 U.S. West Coast ports stretched into a third day on Monday ahead of the U.S. labor secretary's scheduled arrival in San Francisco to try to broker a settlement ending months of disruptions on the cargo-clogged docks. President Barack Obama, under pressure to weigh in on a labor dispute that has rippled through the U.S....

  • SAN FRANCISCO, Feb 15- Growing numbers of freighters were backed up around the United States' two busiest cargo hubs on Sunday due to a dispute between shipping companies and dock workers that has led to a partial shutdown of ports along the West Coast. Labor Secretary Tom Perez to California to help broker an agreement. By Sunday morning, 34 container ships,...

  • SAN FRANCISCO, Feb 15- Growing numbers of freighters were backed up around the United States' two busiest cargo hubs on Sunday due to a dispute between shipping companies and dock workers that has led to a partial shutdown of ports along the West Coast. Labor Secretary Tom Perez to California to help broker an agreement. By Sunday morning, 34 container ships,...

  • US labor secretary jumps into West Coast port fray Saturday, 14 Feb 2015 | 4:48 PM ET
    Ships gather off the ports of Los Angeles and Long Beach, California in this aerial photo taken February 6, 2015.

    Labor Secretary Tom Perez will travel to California to help broker a deal between shipping companies and dockworkers in the West Coast port fight.

  • U.S. labor secretary to help reach West Coast port deal Saturday, 14 Feb 2015 | 4:32 PM ET

    Labor Secretary Tom Perez will travel to California to help broker an agreement between shipping companies and dockworkers in a dispute that has led to a partial shutdown of ports along the U.S. West Coast, the White House said on Saturday. "The negotiations over the functioning of the West Coast ports have been taking place for months with the administration...

  • Labor Secretary Tom Perez will travel to California to help broker an agreement between shipping companies and dockworkers in a dispute that has led to a partial shutdown of ports along the U.S. West Coast, the White House said on Saturday. "The negotiations over the functioning of the West Coast ports have been taking place for months with the administration...

  • LOS ANGELES, Feb 13- Clogged ports along the U.S. West Coast were closed to cargo freighters for the third time in a week on Friday night, and shippers vowed to keep a partial shutdown in effect through Monday barring a settlement in labor talks with the dockworkers' union. The latest halt in loading and unloading of container ships at the 29 ports came as contract...

  • LOS ANGELES, Feb 13- Clogged ports along the U.S. West Coast reopened to cargo vessels on Friday after a daylong closure, but shippers planned to reimpose a partial shutdown through the holiday weekend barring a settlement in stalled labor talks with the dockworkers union. Contract talks between the International Longshore and Warehouse Union, which...

  • LOS ANGELES, Feb 13- Clogged ports along the U.S. West Coast reopened to cargo vessels on Friday after a daylong closure, but shippers planned to re-impose a partial shutdown through the holiday weekend barring a settlement in stalled labor talks with the dockworkers union. Negotiators for the International Longshore and Warehouse Union, representing 20,000...

  • LOS ANGELES, Feb 13- Protracted labor strife and shipping disruptions at U.S. West Coast ports have hit farmers especially hard, posing a major barrier to perishable goods headed to overseas markets and resulting in losses estimated at hundreds of millions of dollars a week. Foreign Pacific Rim customers facing chronic delays in shipments of U.S. food and farm...

  • SINGAPORE/ MILAN, Feb 13- Over a dozen liquefied natural gas tankers are parked, many idle, in and around Singapore- one of the world's biggest trading hubs for the fuel- in a sign that the slowdown engulfing world gas markets may be worsening into a crisis. With Asian spot LNG prices down by almost two-thirds since February 2014 as slowing demand combines with rising...

  • LOS ANGELES, Feb 11- Shipping lines plan a partial four-day shutdown of U.S. West Coast ports, starting on Thursday, amid stalled labor talks between the companies and the union representing 20,000 dockworkers, the companies said on Wednesday. Loading and unloading of cargo vessels at the 29 ports will be suspended anew, as they were last weekend, on Thursday and...

  • LOS ANGELES, Feb 11- Shipping lines plan a partial four-day shutdown of U.S. West Coast ports, starting on Thursday, amid stalled labor talks between the companies and the union representing 20,000 dockworkers, the companies said on Wednesday. Loading and unloading of cargo vessels at the 29 ports will be suspended anew, as they were last weekend, on Thursday and...