Having already lost about four percent of their market share of Asian cargo to Canadian and East Coast ports the past few years, and hoping to avoid a further diversion of cargo when the Panama Canal is widened in 2014, U.S....
Read MoreThe Port of Tacoma executive director’s job is in question following an announcement last week that the port canceled its plans to build a multi-million dollar shipping terminal on the Blair Waterway. … NYK Line – the...
Read MoreOcean carrier OOCL will increase its rates on all dry and refrigerated cargo from Hong Kong, Macau and South China to New Zealand, effective Nov. 1. The “restoration” comes as most large carriers boost rates in a bid to overcome...
Read MoreSeoul shares retreated on Monday as weak U.S. job data dampened economic recovery hopes, with falls led by Hana Financial Group on reports of a rights offer, but shipbuilders rebounded after steep recent falls. …...
Read MoreCOSCO International Ship Trading Co., Ltd. has agreed with COSCO (Zhoushan) Shipyard Co., Ltd. on the cancellation of their contracts for two 5,000-unit pure car and truck carriers (PCTCs). The PCTCs are the third and fourth of...
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