However, the global port operator increased container throughput by 5.5 percent from 2015.
Star Cool CA+ was established to extend the market reach of sensitive, low-respiring perishables, building on Maersk Container Industry’s Star Cool CA system for high-respiring fresh produce.
Korea Development Bank, DSME’s largest shareholder and main creditor, and the Export-Import Bank of Korea said they would provide funds to boost the shipbuilder’s cash flow and convert its liabilities into equity to cut debt.
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The two ports says the plan is an "innovative collaboration that will allow us to find new ways to become more efficient and effective."
The largest cargo gateway on the U.S. East Coast handled 4.56 million TEUs of loaded containers for the full year, a 1 percent decline from 2015 levels, according to recent data from the Port Authority of New York and New Jersey.
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.”