Prior to going bankrupt, Hanjin Shipping had chartered five, 3,400-TEU vessels and eight, 10,100-TEU vessels from Danaos.
The United States Maritime Alliance, the employer group that negotiates the master contract with the International Longshoremen's Association, called the ILA’s planned work stoppage threat “disturbing.”
The terminal operator increased spending from $70 million to $200 million in preparation for ultra large containerships.
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Tom Cook, managing director of Blue Tiger International, discussed the negative effects of risk exposure in the global supply chain and how to manage those risks.
Jakob Stausholm, chief financial officer at Maersk Line, said the Danish ocean carrier's gains in market share, utilization, and lower unit costs have been overshadowed by very low freight rates.
South Carolina Department of Commerce names new director of international strategy and trade, while Midwest Association of Rail Shippers elects 2017 officers and Roadrunner Freight appoints senior vice president of sales and marketing.