Ocean carrier Yang Ming said it anticipates the Taiwanese government's share in the carrier will increase well beyond the current 33.3 percent held by the Ministry of Transportation and Communications of Taiwan.
The new president immediately put the world on notice that his administration will combat unfair trade practices, which many interpret as a return to protectionism.
Just 10 percent of longshoremen requested by terminal operator employers came to work on Friday, bringing vessel operations to a near standstill at the Northern California port, according to port spokesman Mike Zampa.
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Members of the 2M Alliance - Maersk and MSC - reached a space-sharing deal with HMM, which they said is “outside the scope” of the 2M Alliance, but will involve HMM buying slots on 2M vessels and 2M partners purchasing slots with HMM on selected routes.
Danish ocean carrier Maersk Line said the acquisition of Hamburg Süd would boost its share of the world container fleet from 15.7 percent to 18.6 percent, and increase its capacity from 3.14 million TEUs to 3.76 million TEUs.
Mediterranean Shipping Co.’s 13,092-TEU containership MSC Regulus collided with the Ecuadorian fishing vessel Don Gerardo II early Saturday morning, reportedly killing at least five people and injuring a dozen more.