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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President Donald Trump threatens to impose a tax of up to 20 percent on Mexican imports as part of a plan to construct a wall between Mexico and the United States.
Michael A. Khouri is replacing Mario Cordero as acting chairman of the Federal Maritime Commission, but Cordero will remain as one of the five commissioners.
President Donald Trump said the U.S. could impose 20 percent penalty on Mexican imports as part of a plan to construct a wall between Mexico and the United States, but was imprecise as to whether it should be a tax or tariff.