Ocean carrier Yang Ming said it anticipates the Taiwanese government's share in the carrier will increase well beyond the current 33.3 percent held by the Ministry of Transportation and Communications of Taiwan.
The new president immediately put the world on notice that his administration will combat unfair trade practices, which many interpret as a return to protectionism.
Just 10 percent of longshoremen requested by terminal operator employers came to work on Friday, bringing vessel operations to a near standstill at the Northern California port, according to port spokesman Mike Zampa.
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The Pacific Merchant Shipping Association will start publishing the average container dwell times at 12 marine terminals in the ports of Los Angeles and Long Beach on a monthly basis to help supply chain efficiency efforts.
A Seoul court pushed back the deadline for receiving a rehabilitation plan for Hanjin Shipping from Dec. 23 to Feb. 3, according to South Korea’s Yonhap News Agency.
However, the French ocean carrier said it has fully repaid a loan used to acquire Neptune Orient Lines and its APL container shipping subsidiary.