Retailers, Manufacturers Urge White House to Mediate in West Coast Ports Labor Dispute
; International Longshore and Warehouse Union (ILWU) are in the final stretch, but frustrations are running high after more than a year at the negotiating table."We urge the administration to mediate to ensure the parties quickly finalize a new contract without additional disruptions," said David French, senior vice president of government relations at the National Retail Federation. The industry it represents accounts for about half of the volume at the nation's container ports and is gearing up for back-to-school, Christmas and other key sales events."As we enter the peak shipping
Saudi Shipper Bahri Names Omar as CEO
The National Shipping Company of Saudi Arabia (Bahri) has named Ibrahim Abdulrahman al-Omar as its chief executive, effective on Oct. 1, a bourse filing said on Wednesday. Omar has worked in several senior positions at firms including Saudi Telecom and its affiliate Viva Bahrain, the statement added. He replaces Mohammad Omair al-Otaibi, who was appointed acting CEO last month after the departure of Saleh bin Nasser al-Jasser at the end of July. (Reporting by David French; Editing by Andrew Torchia)
DP World Raises $1B
years, should the DP World share price be 30 percent above the value of the reference share price or if more than 85 percent of the bonds have been converted by investors. Investors can have the company buy back the bonds at years four and seven. (Editing by Andrew Torchia and Sophie Walker) (By David French and Archana Narayanan, Reuter
