UPS Airlines pilots represented by the Independent Pilots Association today ratified a new five-year labor agreement with over 91 percent voting in favor of the deal, according to a statement from the union.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
The Hamburg-based maritime services provider reported a net loss of 131.5 million euros for the first half of 2016 on revenues of 249.3 million euros.
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Ocean carrier CMA CGM of France announced new Freight All Kinds tariffs on multiple trades.
The future of South Korea’s largest container shipping company looks grim, with numerous media outlets reporting lenders are refusing to extend the company additional credit.
The South Korean shipping and logistics firm will invest 480 million Chinese yuan renminbi for a 50 percent share of Shenzen Speedex Commercial Service, a subsidiary of Chinese electronics manufacturer TCL, according to an announcement from TCL.