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 new president immediately put the world on notice that his administration will combat unfair trade practices, which many interpret as a return to protectionism.
Florida Governor Rick Scott discussed his recommended transportation and infrastructure budget for FY 2017-2018 on Monday during a press conference at JAXPORT.
President Donald Trump said the U.S. could impose 20 percent penalty on Mexican imports as part of a plan to construct a wall between Mexico and the United States, but was imprecise as to whether it should be a tax or tariff.