Log-In Logistica is reeling following the loss of 47 containers into the sea and a decline in volumes in the second quarter.
Container throughput at the world's major ports was up sharply in the first half, driven by rising volume being reported by carriers.
After the new yard’s scheduled opening next July, the port authority will take over TLT’s current 14-acre site.
The stagnant traffic was also due to the delay in deepening the river Elbe.
The new seven-day-a-week service was announced on Aug. 14 after a trial period with Hapag Lloyd.
The Freeport project comes as several polymer plants in Texas and Louisiana prepare by early 2018 to begin production.
The offering starts Aug. 27 and lasts eight weeks.
A new bilateral agreement could open China’s huge market to US rice as early as next year.
Union representatives and officials from the chief labor commissioner have had several rounds of negotiations.
“The consolidation of container carriers through acquisitions and alliances continues to create competitive pressure on terminal operators.”