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.
Registration takes less than 1 minute.
Canada’s trade surplus of C$526 million for November came as a surprise, as analysts had projected the nation would experience a trade deficit for the month.
Cherry Hill, N.J.-based NFI has strengthened its footprint in Canada with the acquisition of Dominion Warehousing & Distribution.
The Jacksonville, Fla.-based Class I railway said that in 2016, the industry continued to face headwinds from low global commodity prices and the strength of the U.S. dollar.