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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Ron Widdows, the former chief executive officer of both Neptune Orient Lines and Rickmers Holding, told American Shipper he thought Hanjin Shipping handled its financial collapse “pretty badly.”
At 11:00 a.m. EST, the National Hurricane Center issued a public advisory that said the Category 3 hurricane was 55 miles north/northeast of Cabo Lucrecia, Cuba and about 105 miles south of Long Island, Bahamas.
Cargo shipments grew 2.3 percent in August 2016 compared with the same 2015 period, following revised year-over-year increases of 3 percent and 1.8 percent, respectively, in June and July, according to industry analyst World ACD.