South Korean shipping lines are expected to see their ongoing business slump continue into next year amid an oversupply of vessels and low freight rates, found a Hyundai Research Institute’s report. “A glut in vessels is...
Read MoreAs a result of action taken by Tacoma City Council on Dec. 1, the state will hand ownership of Murray Morgan Bridge to the city, a key step in getting needed renovations to open it to vehicle traffic. The state closed it in...
Read MoreHorizon Lines, the biggest U.S. container line, is eliminating all the perquisites for its four top executive officers as of the end of the year as part of the company’s ongoing cost-reduction program. … The eliminated...
Read MoreHapag-Lloyd swung to an operating loss of $986 million in the first nine months of 2009 from a year-earlier profit of $320 million as Germany’s biggest ocean container carrier booked double digit declines in cargo volume...
Read MoreThe U.S. Court of Appeals for the 9th Circuit will hear an appeal from the Pacific Merchant Shipping Association challenging a California Air Resources Board requirement for the use of low-sulfur fuel in vessels. The CARB rule...
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