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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Many small shippers entering the online retail fray may not be aware that air cargo-specific hazardous materials transportation regulations even exist, let alone apply to their products.
Two former aides to New Jersey Gov. Chris Christie could face 20 years in prison over their role in “Bridgegate,” which involved tying up traffic on the George Washington Bridge and in the nearby town of Fort Lee to seek revenge against the town’s mayor.
The Danish global transport and logistics provider reported adjusted earnings of 2.5 billion Danish krone (U.S. $358.3 million) on DKK 67.7 billion in revenues in 2016, year-over-year increases of 13.3 percent and 33.2 percent, respectively.