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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The ports of Philadelphia and Wilmington are planning infrastructure improvements as a project to deepen the river nears completion.
Geneva-based Mediterranean Shipping Co. has confirmed it is looking to buy the now insolvent South Korean shipping company’s 54 percent stake in the Southern California container terminal.
Donald Trump used harsh anti-trade rhetoric during his campaign, leaving many to wonder if tariffs and other trade barriers will be implemented at the expense of export and logistics jobs.