The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 percent year-over-year.
U.S. gross domestic product increased 2.9 percent in the third quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of 1.4 percent in the second quarter.
In addition to the six 13,010-TEU Hanjin Shipping vessels to be chartered to Maersk Line, a group led by HSH Nordbank could also acquire another three ships and lease them out to Maersk’s 2M Alliance partner MSC, according to multiple media reports.
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A spokesperson from Hanjin told American Shipper Monday that 28 of the ships it operates have completed cargo unloading.
U.S. Customs and Border Protection auditors are becoming less lenient regarding trade law violations and are widening their enforcement net, partly due to pressure from Congress, which has repeatedly expressed concern about protecting domestic industry.
The London-based shipping research and consulting firm said that as currently planned, “The Alliance” will be "at a size disadvantage," making up 24 percent of East-West capacity.