The U.S. Government Accountability Office found that tariff rates are generally more expensive than contract rates, but are usually more suitable for shippers with infrequent or small volume shipments.
A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can't pick-up and return cargo, containers and chassis for reasons beyond their control.
A merger of Yang Ming, which is 33 percent owned by the government, with a private company such as Evergreen Line, would be difficult to achieve, contends Chen Ou-po, a member of Taiwan’s ruling Democratic Progressive Party.
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PortMiami’s box volume for the fiscal year ended Sept. 30 was slightly below that handled at nearby Port Everglades.
The Korea Herald reported South Korean liner carrier Hyundai Merchant Marine is reviewing U.S. trade assets of the former competitor.
The House and Senate have advanced legislation that includes the Water Resources Development Act, which authorizes the U.S. Army Corps of Engineers to dredge ports and maintain locks on inland waterways essential to commerce.