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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The Spanish government will face strikes at all ports across the country later this month, according to International Transport Workers’ Federation (ITF) Maritime Operations Coordinator Jacqueline Smith.
In a surprise announcement, Customs and Border Protection has delayed implementing several post-release functions in its Automated Commercial Environment in order to resolve outstanding technical issues.
The South Korean shipbuilder recorded a net profit of 682.3 billion South Korean won for 2016, up from a loss of 1.36 trillion won for 2015.