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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Members of the International Longshoremen's Association on Friday slowed the movement of drayage trucks through the container yard at the Wando Welch Terminal in Charleston, S.C., in an apparent protest against terminal automation.
Chaos in the ocean shipping industry has led to a winter of shippers’ discontent as freight transportation managers scramble to determine how carriers will meet their transportation requirements after several carrier mergers and acquisitions took place.
Under the agreement, COSCO Beijing International Freight Co., Ltd. is gaining the use of Sino-Global's logistics platform to arrange for the transport of its container shipments to U.S. ports.