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.
The funds will be dispersed to 32 university transportation centers to advance research and education programs addressing critical transportation challenges in the United States, Transportation Secretary Anthony Foxx said in a statement.
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The Woodcliff, N.J.-based carrier welcomed its newest U.S.-flag roll-on/roll off ship to its fleet on Friday during a ceremony at the Port of Baltimore.
The Japanese ocean carrier has doubled the frequency of its automobile transport service between Thailand and Northern Vietnam to twice a month and shifted from calling Cai Lan to the port of Hai Phong, closer to the capital city of Hanoi.
The Japanese ocean carrier estimates it will report extraordinary losses totaling 195 billion Japanese yen (U.S. $1.89 billion) in fiscal 2016 due to continued weakness in container and dry bulk freight rates, according to a statement from the company.