Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.
The troubled South Korean ocean carrier received approval from seven lenders to restructure debts and will now turn its focus to restructuring ship chartering agreements.
SSA Marine's Oakland International Container Terminal, which has operated nights and Saturdays for two months to ease pressure on busy weekday cargo operations, will stay open three nights a week in a during a four-week trial.
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Lawsuits involving supply chain executives have become increasingly frequent, including Amazon suing Arthur Valdez, who left to work as Target's chief supply chain and logistics officer, and an XPO Logistics suit against LTL rival YRC Freight.
Meanwhile, Ed DeNike, president of SSA Containers, says truckers picking up import boxes at the Oakland International Container Terminal will need an appointment.
U.S. Customs and Border Protection, and the Immigration and Customs Enforcement’s Homeland Security Investigations, reported that seizures of imports containing intellectual property infringements rose 25 percent year-over-year in fiscal year 2015.