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Month: May 2010

Port of Long Beach invites fuel development

The US west coast could soon be home to a new fuel hub as the Port of Long Beach, California, beckons proposals for the development of its Pier Echo terminal site. The Port wants to hear from companies interested in growing the...

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Carriers Restoring Capacity Faster Than Demand

Container ship lines may be “shooting themselves in the foot” by restoring vessel capacity faster than cargo volumes rise, a new report by Axis Intermodal UK warns. An analyst said effective capacity — vessels...

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Peru Declares Emergency at Port Callao

The government of Peru declared a 60-day emergency in an effort to end a dock strike at Callao, the country’s largest port. Declaration of a state of emergency will allow the armed forces and police to intervene and restore...

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Hanjin to sell new shares after loss

Hanjin Shipping Co., South Korea’s largest container-shipping line, plans to sell 49 percent of a terminal operator at the nation’s busiest port and sell new shares to boost finances after posting a first-quarter...

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