Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International Chamber of Shipping.
The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the company’s most recent financial statements.
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
Registration takes less than 1 minute.
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.”
With just a few months before the new ocean carrier vessel sharing agreement THE Alliance, of which Yang Ming is a member, is set to launch, work still needs to be done to finalize port rotations and vessel deployment plans.
According to BlueWater Reporting's Blanked Sailing's Report, a total of 188,592 TEUs are being withdrawn on the China to North America trade for the two weeks following Chinese New Year, up 50 percent from a year prior.