The ocean carrier reported a net loss of 7.21 billion yuan renminbi in the first six months of the year compared with a 1.97 billion yuan renminbi profit in the same 2015 period amid its merger with fellow state-run line China Shipping.
The Canadian port will spend $16 million to relocate a maintenance building and construct a warehouse off the wharf to accommodate the expansion of the Fairview Container Terminal.
The Japanese liner carrier established a cargo-handling joint venture in Mumbai, India that will initially handle car carriers, but will eventually include other types of vessels.
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The Surface Transportation Board last week issued two decisions in passenger rail proceedings, one of which included the withdrawal of a previous proposal that would have allowed railroads to prioritize cargo operations over Amtrak passenger trains.
The port said the improvements are needed in order for it to handle the current and future generations of ultra-large containerships.
The fruit company signed a lease extension with Port Manatee through Aug. 31, 2021, with options for three additional extensions of five years each, the Central Florida Gulf Coast port said in a statement.