The United States Maritime Alliance, the employer group that negotiates the master contract with the International Longshoremen's Association, called the ILA’s planned work stoppage threat “disturbing.”
The terminal operator increased spending from $70 million to $200 million in preparation for ultra large containerships.
Matson President and CEO Matt Cox said the Honolulu-based shipping company had “exceptional” results for the full year of 2015, while fourth quarter 2016 results were hindered by the increase in bunker fuel prices from mid-November through December.
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Several months after filing for court receivership in its native South Korea, former seventh-largest container carrier Hanjin Shipping has officially been declared bankrupt, according to a report from Reuters news service.
A study prepared for the Directorate-General for Climate Action found that savings from Flettner rotors and wing sails are seen as comparable.
Various forwarders, custom house brokers and shippers’ associations sent letters to the Federal Maritime Commission, supporting a petition filed by the Coalition for Fair Port Practices in December.