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The Ocean3 Alliance of CMA CGM, UASC and CSCL will combine their FAL2 and FAL3 loops between Asia and Europe, decreasing its deployed capacity on the trade by approximately 21 percent, according to data from BlueWater Reporting.
The multi-million dollar renovation on the port's main dock will enable the port and Tuloma Stevedoring, the operator of the port's main dock, to handle over one million tons of steel and break bulk cargo each year.
The Danish ocean carrier will alter its ME2 and ME3 loops between the Mediterranean and the Middle East and Indian Subcontinent this month.
Exports helped drive record throughput in September at the Port of Long Beach, but were the main reason the Port of Oakland experienced a 4.8 percent drop in container volumes.
The derailment of a CSX train carrying Bakken crude, which resulted in a fire that forced the evacuation of hundreds of area residents, was caused by a defect that was missed on two separate inspections, according to the Federal Railroad Administration.
In a response to the ITF recommendations, the International Chamber of Shipping said it prefers a fuel levy, rather than an emissions trading scheme, to reduce greenhouse gas emissions from shipping.