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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Capacity in the major east-west trades leveled out during fourth quarter 2016 as merger and acquisition announcements continued to filter into an already unstable market, according to the latest quarterly World Liner Supply Report from BlueWater Reporting.
Members of the planned ocean carrier alliance – Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line – said they plan to offer 31 services, utilizing 240 vessels to call over 75 ports.
Port Tampa Bay appoints VP of operations, while DHL Supply Chain names managing director for its Hong Kong and Macau business.