Hanjin Shipping will rake in almost $300 million from the spinoff of its dry bulk business, allowing the loss-making Korean carrier to remove a significant portion of debt as it continues to restructure the company.
02 Jul 2014
WASHINGTON — U.S. Federal Maritime Commissioners yesterday unanimously voted to allow CKYH partners and Evergreen Line to discuss cooperating in the trans-Pacific and trans-Atlantic trades.
24 Jun 2014
The worst is over for the Asia-Europe container trade as slow-steaming and scrapping of old vessels begin to address excess capacity, according to a recent report from HSBC’s transport analysts.
17 Jun 2014
The rejection of the P3 shows how dominant the world’s largest carriers were set to become if their proposed mega-alliance took effect.
02 Jun 2014
Longshoremen engaged in illegal work slowdowns at the Port of Portland from September 2012 to June 2013 as they were contesting jurisdiction for jobs handling refrigerated containers, a National Labor Relations Board administrative law judge ruled at the weekend.
15 May 2014
An aggressive focus on operating efficiency is reflected in the first quarter results of Neptune Orient Lines, Hanjin and Hapag-Lloyd, although the savings were not enough to offset the effects of excess capacity, high bunker prices and weak freight rates that continue to plague the industry.
30 Apr 2014
Hanjin Group took a major step towards shoring up its financially shaky foundation yesterday with a shakeup of the group’s shareholding structure and the appointment of chairman Cho Yang-ho as the CEO of South Korea’s largest shipping line.
08 Apr 2014
The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
24 Mar 2014
CMA CGM, China Shipping Container Lines and United Arab Shipping Co. will launch a new jointly operated, fixed-day weekly service...
12 Mar 2014
Carriers’ schedule reliability from Shanghai to Oakland, Calif., showed the greatest variation in eastbound Asia-to-Southern California route performances...
10 Mar 2014
Despite productivity declines at Terminal 6 that have lingered for months, Hanjin Shipping Co. informed the Port of Portland today that it will continue to operate its weekly trans-Pacific service.
06 Mar 2014
International Longshore and Warehouse Union members walked off their jobs yesterday for the second day in a row after a verbal altercation with employees of ICTSI Oregon, the operator of Portland’s only container terminal.