The ocean carrier reported a net loss of 7.21 billion yuan renminbi in the first six months of the year compared with a 1.97 billion yuan renminbi profit in the same 2015 period amid its merger with fellow state-run line China Shipping.
The Canadian port will spend $16 million to relocate a maintenance building and construct a warehouse off the wharf to accommodate the expansion of the Fairview Container Terminal.
The Japanese liner carrier established a cargo-handling joint venture in Mumbai, India that will initially handle car carriers, but will eventually include other types of vessels.
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Representatives from the U.S. Embassy in Beijing met with the director general of China's Inspection and Quarantine Ministry to gain more information about how shippers can comply with China’s requirement that shipments from the nation be mosquito-free.
BNSF and Union Pacific have filed a lawsuit challenging a California law that would create a Regional Railroad Accident Preparedness and Immediate Response Force funded by fees collected by the railroads.
The shipping advocacy group adopted the goal of ending container shipping charges, which it said can sometimes exceed the contracted price for shipments making the management of total shipping costs unpredictable for cargo owners.