The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
The strong growth was largely due to an increase container trade between the port and Asia, which surged 19 percent year-over-year to 336,791 TEUs.
Scheduled to commence in March 2017, the new direct route between its hub at London Heathrow and New Orleans International Airport will be the first of its kind, the global airfreight carrier said in a statement.
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Thousands of chassis in and around the ports of Los Angeles and Long Beach have containers mounted on them that are either owned or leased by the now insolvent ocean carrier Hanjin Shipping.
Sources said the South Korean liner carrier will lay off about 180 members of its 500 person workforce in the United States on Friday.
Ron Widdows, the former chief executive officer of both Neptune Orient Lines and Rickmers Holding, told American Shipper he thought Hanjin Shipping handled its financial collapse “pretty badly.”