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Price tag for Singapore-based APL Logistics is significantly higher than the $750 million first mooted when NOL announced in August that it was exploring a sale or IPO.
Councilman believes ports have taken "another step closer to a lockout."
Employers "hopeful that this will allow us to move toward conclusion of an agreement in the near term."
Evergreen Line introduces two new intra-Asia services and Nautilus International/Metro Group breaks ground on its new headquarters in Long Beach.
Marine terminal officials agree that future contracts will require ongoing collaboration.
Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.