However, the global port operator increased container throughput by 5.5 percent from 2015.
Star Cool CA+ was established to extend the market reach of sensitive, low-respiring perishables, building on Maersk Container Industry’s Star Cool CA system for high-respiring fresh produce.
Korea Development Bank, DSME’s largest shareholder and main creditor, and the Export-Import Bank of Korea said they would provide funds to boost the shipbuilder’s cash flow and convert its liabilities into equity to cut debt.
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The $320 million project at the Virginia International Gateway container terminal has officially launched, and a $350 million expansion project at Norfolk International Terminals will begin in July.
Canadian International Freight Forwarders Association (CIFFA) Executive Director Ruth Snowden said trade is an important source of jobs for the country.
Various forwarders, custom house brokers and shippers’ associations sent letters to the Federal Maritime Commission, supporting a petition filed by the Coalition for Fair Port Practices in December.