Ocean carrier Yang Ming said it anticipates the Taiwanese government's share in the carrier will increase well beyond the current 33.3 percent held by the Ministry of Transportation and Communications of Taiwan.
The new president immediately put the world on notice that his administration will combat unfair trade practices, which many interpret as a return to protectionism.
Just 10 percent of longshoremen requested by terminal operator employers came to work on Friday, bringing vessel operations to a near standstill at the Northern California port, according to port spokesman Mike Zampa.
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The global freight forwarder will use CargoSphere’s ocean freight Rate Mesh network to drive access to more current, accurate rates and quicken its quoting capability to customers.
The outbound cross-border eCommerce distribution center is scheduled to be built by April 2017 in Narita, Japan.
The contract freight rate benchmarking company warned, however, that stability will be hard to come by, and if just one or two carriers begin to drop rates and chase market share again, prices will likely fall across the board.