Maher Terminals reports progress in recovery from severe delays that accompanied glitches in a new computer system, but CEO Gary Cross said additional ship calls may be subcontracted to other terminals this week in the Port of New York and New Jersey.
JosephBonney said: Credit Suisse: Carriers' hopes for Asia-Europe and transPac rate hikes July 1 appear doomed to disappointment. Too much capacity, they say.
JosephBonney said: Jeffries analysts' report: Contraction in China's exports "may leave capacity discipline as the only option for carriers to push up rates."
JosephBonney said: Sentencing of Frank Peake, ex-Sea Star CEO convicted in Jan. of antitrust conspiracy in Puerto Rico trade, has been postponed till Aug. 23.