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 Allied Pilots Association, the union that represents American Airlines’ more than 15,000 pilots, said it has lost confidence in Chief Executive Officer Doug Parker’s leadership abilities due to “questionable economic and strategic decisions.”
The inland river port handled 258,243 waterborne tons in January, a 129 percent increase from January 2016.
However, NYK, MOL and "K" Line see some improvement in the container shipping business.