Although exports from Japan in September fell 6.9 percent from a year prior to 5.97 trillion yen, the decline was not as sharp as analysts had projected.
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
PierPass, whose members consist of the 13 container terminals at the ports of Los Angeles and Long Beach, held a workshop last Thursday to evaluate extended gate options.
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The Northern California seaport saw throughput of loaded export boxes jump 10 percent while laden imports fell 4.2 percent compared with the same 2015 period, according to recent data from the port authority.
The Southern California port’s box volumes declined considerably after South Korean ocean carrier Hanjin filed for bankruptcy Aug. 31.
The National Hurricane Center issued a public advisory at 11:00 a.m. EDT that said the Category 4 Hurricane off the coast of Haiti is moving north at 10 miles per hour.