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In a separate action, warehouse workers began a strike Tuesday morning against California Cartage warehouse in Los Angeles.
Additionally, port calls in Mexico on the ocean carrier's Pacific Coast-West Coast of South America Service will move from the port of Manzanillo to the port of Lazaro Cardenas.
The U.S. International Trade Commission said the overall effect of the Caribbean Basin Economic Recovery Act on the U.S. economy remains minute, while the effect on beneficiary countries is “small but positive.”
The Israeli ocean carrier recently returned to the black, posting adjusted net profits of $23 million in the second quarter of 2015 compared with a net loss of $50 million the previous year.
With more tonnage to be delivered next year, London-based shipping consultant Drewry says "the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009."
Capacity growth was relatively stagnant across the three major east-west trades in the third quarter of 2015, as slowing global trade and an economic recession in China caused volumes to remain weak even during the summer peak shipping season.