Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.
The troubled South Korean ocean carrier received approval from seven lenders to restructure debts and will now turn its focus to restructuring ship chartering agreements.
SSA Marine's Oakland International Container Terminal, which has operated nights and Saturdays for two months to ease pressure on busy weekday cargo operations, will stay open three nights a week in a during a four-week trial.
Registration takes less than 1 minute.
The DrayQ™ and DrayLink™ applications utilize Bluetooth, WiFi and GPS technology to measure how long drivers wait for cargo at the Northern California port.
The International Transport Workers Federation is claiming that a new study raises questions about the safety of navigation in the Central American waterway, while the Panama Canal Authority says the report's claims are unproven and contain errors.
The container terminal industry is facing challenges that include slowing global trade, larger ships, liner industry consolidation and extreme cost pressure, according to Kim Fejfer, chief executive officer of APM Terminals.