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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From ShipBob’s 40,000-square-foot warehouse in Los Angeles, one can get a window into how small retailers can leverage the power of the internet to potentially compete with the scale of larger online marketplace sellers.
Inna Kuznetsova, president and chief operating officer of INTTRA, explained the reasons behind the company’s rapid growth in a recent interview with American Shipper.
A third and final U.S. Coast Guard Marine Board of Investigation hearing into the sinking of the TOTE Maritime cargo ship El Faro, which claimed the lives of 33 crew members on board, began Monday in Jacksonville, Fla.