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In response to weak demand, Maersk has also cancelled options for eight containerships - six 19,630-TEU vessels and two 3,600-TEU feeder ships - and could cancel eight more, according to the Danish shipping conglomerate.
The four new Super Post-Panamax ship-to-shore cranes manufactured by Konecranes, which will operate at the Barbours Cut Container Terminal, will stand taller than any other marine cranes in North America.
Investment group's transportation and logistics team compared the LTL carrier's long-term performance to a team that focuses well on the basics and eschews fancy passes and dunks.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.