Lithium Battery Fire Halts Work at Los Angeles, Long Beach Port Terminals [Yahoo! Finance]
NIPPON YUSEN KBSHKI S/ADR (NPNYY)
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Source: Yahoo! Finance
Most Read from Bloomberg “The batteries have been damaged, and are on fire and off-gassing (with reports of one battery exploding),” the LAFD said in an alert at 2 p.m. local time. The Southern California ports make up the busiest container hub in the US, handling roughly a third of the nation's waterborne cargo. “This fire cannot be extinguished and may burn for up to 48 hours,” the International Longshore and Warehouse Union said in a statement. The dockworker union said it was working with the Los Angeles Fire Department, and that members would not report for work Thursday night or Friday at several affected terminals, including APM Terminals, Fenix Marine Services, Everport Terminal Services and Yusen Terminals. No injuries were reported, according to the Fire Department. The incident comes as dockworkers at every major container port on the Atlantic and Gulf coasts appear increasingly likely to go on strike when their labor contract expires on Monday. The backlog from
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