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PMA says it offered the ILWU a 5-year contract with 3% annual wage increases, and negotiations will continue, but a lockout could occur in 5-10 days.
Draymen say they could be forced out of business by huge demurrage and detention bills.
Business groups tell Obama that the use of a mediator is imperative in longshore union talks.
Evergreen Line introduces two new intra-Asia services and Nautilus International/Metro Group breaks ground on its new headquarters in Long Beach.
Marine terminal officials agree that future contracts will require ongoing collaboration.
Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.