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 Taiwanese government announced a $1.9 billion aid package for the country’s shipping industry, which both Yang Ming and Evergreen Line would be eligible for.
Although some shippers are hesitant on using foreign trade zones (FTZs) due to compliance burdens, the benefits of FTZs may be worth the effort.
Could rising plastic exports create competition for empty containers?