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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Japan's three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.
International Civil Aviation Organization re-elects council president, International Air Transport Association selects regional vice president for Africa and the Middle East, and Canaveral Port Authority elects chairman.
FourKites adds senior leaders, while Norfolk Southern appoints new board members and Central Maine & Quebec Railway names executive chairman and CEO.