Under the agreement, the French carrier’s subsidiary CMA Terminals will operate the facility for 15 years.
Installation of the new Tideworks Technology system at San Juan follows the rollout of the system last September at Crowley’s Port Everglades, Florida, terminal.
There are signs potential negative effects of the new alliances on transshipment and tariffs may be overstated, according to the CEO of HPH Trust.
Yang Ming has managed to beat the market on the trans-Pacific eastbound in the first quarter as the carrier tries to restore shipper confidence following its recent share trading suspension.
There is not yet any resolution to the Shanghai congestion, but vessel berthing delays are showing a slight improvement.