The Danish container carrier ordered 14,800 new refrigerated cargo containers, lowering the average age of its reefer equipment fleet to 7.9 years old, well below the industry average, the company said in a statement.
U.S. gross domestic product increased 1.4 percent in the second quarter of 2016, according to the “third” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
The Ottawa-based Chamber of Marine Commerce will take over the operations of the Canadian Shipowners Association.
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The South Korean ocean carrier has reached a deal with containership charterers and other creditors, according to Korean media outlets.
A survey conducted by American Shipper revealed that 40 percent of participants believe the most likely outcome of Hanjin’s predicament is that its assets will be liquidated and acquired by multiple carriers.
Ocean carrier schedule and capacity database BlueWater Reporting constructed a chart illustrating Hanjin’s impact on three separate trades.