Shares in Neptune Orient Lines (NOL) yesterday surged to their highest in almost seven months, after the container shipping giant said at the weekend that it is in exclusive talks for a potential acquisition by France’s CMA CGM....
Read MoreThe Northwest Seaport Alliance of Seattle and Tacoma recorded modest growth in container volume in October, but it was sufficient to push the ports’ year-to-date performance into positive territory. Seattle and Tacoma now report...
Read MoreFrom the Los Angeles Times: A coalition of environmentalists, community groups and Long Beach officials is seeking a court order to halt construction of a controversial $500-million Port of Los Angeles rail yard that they claim...
Read MorePlagued by overcapacity and ongoing losses, the container shipping industry is rife with talk of potential mergers and acquisitions. The consolidation of the highly fragmented industry is long overdue, especially when contrasted...
Read MoreIron ore contracts in Asia slumped to records amid speculation that mills in China are reining in steel production as they battle losses, slumping prices and tighter credit, hurting demand for the raw material that’s...
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