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Order from DSME includes an option to add six more ultra-large container vessels.
The International Longshore and Warehouse Union said 82 percent of its members voted in favor of ratification.
Appropriateness of detention and demurrage charges must be addressed on a case-by-case basis, says World Shipping Council.
Australian logistics and stevedoring firm Asciano, parent of Patrick Stevedoring, has confirmed it received a purchase offer of $6.8 billion from Brookfield.
BPO arrangement allows the express giant, which has been targeted for acquisition by FedEx, to focus on its core activities and customers service.
While many airfreight carriers around the globe saw a slowdown in growth, Middle Eastern cargo lines reported a drastic increase in airfreight volumes.