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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The supply chain software provider has been the rumored target of industrial conglomerate Honeywell, but instead gets additional capital from Blackstone and majority owner New Mountain Capital.
Captain John Loftus, who was fired in 2013 after working for Horizon Line for 20 years, has been awarded $655,000 in back wages, $225,000 in punitive damages, $10,000 for emotional distress, and more than $200,000 in legal costs.
The Advanced Air Cargo Screening pilot program has been analyzing pre-departure shipment data from voluntary participants for over five years, but U.S. Customs said it wants to iron out details before promulgating a rule for the entire air cargo industry.