Although exports from Japan in September fell 6.9 percent from a year prior to 5.97 trillion yen, the decline was not as sharp as analysts had projected.
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
PierPass, whose members consist of the 13 container terminals at the ports of Los Angeles and Long Beach, held a workshop last Thursday to evaluate extended gate options.
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Various media reports have speculated the sale of South Korean liner carrier Hanjin Shipping, viewing COSCO and Maersk Line as possible buyers.
The Water Resources Development Act was passed by the U.S. House of Representatives Wednesday and will now go to a House-Senate conference committee tasked with merging each chamber's bill into a single version.
The National Retail Federation, along with a coalition of 120 retail, manufacturing and agriculture groups, sent a letter to U.S. Secretary of Commerce Penny Pritzker asking her to continue to work towards a swift resolution for shippers.