The Honolulu-based liner carrier will launch its South Pacific Express service in August, which will transport U.S. West Coast cargo transshipped at Honolulu to Samoa, American Samoa, Tonga and Fiji.
The French ocean carrier said it intends to have Singapore’s Neptune Orient Lines delisted from the Main Board of the Singapore Exchange as it pushes forward to acquire all of the shipping company’s shares.
A new port navigation system consisting of 12 off-shore buoys and two land-based range markers, will allow for night time operations at the Liberian port for the first time in three decades, APM Terminals said in a statement.
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Big-box retailer Wal-Mart Stores Inc.’s ShippingPass e-commerce subscription program will begin offering delivery in two days rather than three at half the price of Amazon's Prime service, the company said in a statement Thursday.
Matt Cox, chief executive officer of the Jones Act ocean carrier, says he would not be surprised if industry losses in 2016 exceed $10 billion, but Matson, which operates primarily between the U.S. mainland, Hawaii and Alaska, has limited exposure.
The price of an average container fell 15 percent during the first quarter of 2016, according to a recent report from London-based shipping consultant Drewry Maritime.