The weekly loop is scheduled to launch in November to meet agricultural season demand.
The ZIM operated Seven Star Service between Asia and the U.S. East Coast will be suspended for the winter slack season, but the Israeli carrier will join the G6 Alliance’s SVS on the trade as a vessel provider, dubbing it the Seven Star Winter Service.
The International Transport Workers’ Federation criticized the U.S. Customs and Border Protection (CBP) saying it was told by CBP that it had concerns crew could try and jump ship due to the Hanjin situation.
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The National Retail Federation, along with a coalition of 120 retail, manufacturing and agriculture groups, sent a letter to U.S. Secretary of Commerce Penny Pritzker asking her to continue to work towards a swift resolution for shippers.
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.
However, the Bellevue, Wash.-based third-party logistics and multi-modal transportation services company’s revenues for the fiscal year, which ended June 30, rose 55.7 percent year-over-year to $782.5 million.