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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Peak season capacity took a major hit in third quarter 2016 as carriers scrambled to replace services interrupted by Hanjin Shipping’s Aug. 31 bankruptcy announcement.
Meanwhile, The Federal Maritime Commission told American Shipper Tuesday that despite Hanjin no longer accepting bookings in the U.S., the commission hasn’t received any amendments to the CKYHE Alliance agreement since it was originally filed in 2014.
The Korea Herald reported South Korean liner carrier Hyundai Merchant Marine is reviewing U.S. trade assets of the former competitor.