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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Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued freight rate increases.
Six armed men boarded the 1,708-TEU containership Windhoek yesterday while it was at anchor in West Africa, stealing money and valuables before fleeing the scene, according to a report from maritime news outlet Splash 24/7.
The total bill for bankruptcies and bailouts in South Korea’s ocean freight transportation and shipbuilding sector could also result in redundancies and layoffs of around 10,000 workers, according to a recent report from the International Monetary Fund.