However, the Northwest Seaport Alliance said it may see lower cargo volumes for February, and volumes with Alaska are expected to decline for the full year of 2017 due to soft market conditions.
The Greek port’s box volumes declined in 2016 from a year prior amid increased volumes at the car terminal, while revenues ticked up 3.6 percent.
While A.P. Moller-Maersk plans to narrow its focus to transportation and logistics, the foundation that owns a controlling stake in the company will move in its own direction, Ane Maersk Mc-Kinney Uggla said.
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The outbound cross-border eCommerce distribution center is scheduled to be built by April 2017 in Narita, Japan.
The Bonn, Germany-based parcel carrier and logistics provider posted a third quarter 2016 net profit of 618 million euros, a significant increase from just EUR 49 million in third quarter 2015, even as revenues slipped 3.9 percent to EUR 13.9 billion.
Marilee McInnis, director of international corporate affairs at Walmart, said although the retailer no longer does business with Hanjin due to the carrier’s bankruptcy, it is currently speaking with another Korean carrier regarding its shipping needs.