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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The U.S. Department of Commerce has appointed 11 industry representatives to the agency's joined the Advisory Committee on Supply Chain Competitiveness.
The OCEMA working group published recommendations for how and when shippers should submit SOLAS container weight verification data ahead of the July 1 implementation deadline.
The Agriculture Transportation Coalition, an agricultural export group and vocal critic of the container weight regulation implementation process, said the verified gross mass submission guidelines issued by ocean carriers will impede export supply chains.