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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Two Floridian ports changed plans on inking deals with the Cuban government after Florida Gov. Rick Scott said he would recommend restricting state funds for ports that work with Cuba.
The $320 million project at the Virginia International Gateway container terminal has officially launched, and a $350 million expansion project at Norfolk International Terminals will begin in July.
Throughput of loaded containers at the Northern California port grew 6.1 percent in January 2017 compared with the same month a year ago, while overall volumes including empties grew 3 percent from 2016 levels.