ISRAEL CORP TO SPIN OFF ZIM

zim protestZIM has been in the news lately because pro-Palestian groups prevented their ships from being worked in Oakland and delayed the berthing in Tampa Bay.

As part of a debt restructuring agreement, Israel Corp will transfer ownership of ZIM to Kenon Holdings, a publicly held company based in Singapore.

Regardless of the reason for the divestment, we are hopeful this spin off will quell the protests and service disruptions.

FIRES, HURRICANES AND PROTESTERS

Fires, Hurricanes, ProtestorsIt is not like we don’t have enough issues with congestion, chassis shortages and labor negotiations, let’s throw in a fire, a hurricane and a protest to further slow down throughput at California’s ports.

Swells from a hurricane earlier in the month caused $20M in damage to the breakwater protecting the Port of Long Beach. A fire at a pre-World War II wharf at the Port of Los Angeles billowed toxic smoke into the air and shut down Southern California container terminal operations for two days. “Block the Boat” picketers set up shop in Oakland on Saturday. Longshoremen refused to cross the line for “safety” reason. SSA was shut down for the day, and the ZIM ship left without being worked.

SATURDAY’S PROTEST IN OAKLAND CANCELED

Block the Boat 2010

Block the Boat 2010

The group “Block the Boat,” in an effort to show solidarity for Palestinians, was planning to picket SSA terminal in Oakland tomorrow, Saturday, August 2, 2014. The purpose of the picket was to block the Zim vessel (an Israeli owned ocean carrier) from discharging and loading containers in Oakland. The group has called off tomorrow’s protest, however, they have not taken a port picket off the table entirely. According to their Facebook page, “We have decided to convert this Saturday’s event into an action that raises awareness about the plight of Palestinians, connects with the workers at the Port, and builds towards a powerful block of the Israeli ship in the coming weeks.”

In 2010, there was a similar protest in Oakland which, indeed, resulted in a Zim ship leaving Oakland without being worked.