The consulting firm’s Hong Kong director says a proportion of carriers are still not generating enough cash to pay for ship building programs, or worse, to pay off debt, though the industry as a whole is getting better financially.

The rate and surcharge changes are intended “to address the impact of increased costs, changing demand for select UPS products and other market factors,” the parcel and logistics company said in a statement.

Attorney Willie E. Gary, who will represent the family of one of the former crew members of the ill-fated cargo vessel, claims the ship was unseaworthy and that “somebody has to pay” for the 33 people lost in the wreck.

The German-Chilean ocean carrier has set a price range of of 23 euros to 29 euros per share and expects gross proceeds of $300 million from its initial public offering scheduled to to begin Oct. 30.

Solid demand for holiday supplies has pushed up U.S. imports in advance of the shopping season, according to trade research firm Zepol and the National Retail Federation.

The ocean trade consultant says carriers need to better understand potential customers’ product mixes and consumer markets before chasing them with low rates in low-demand environment.

The railway will also run longer trains in an attempt to control costs as weak volumes are expected to continue falling going into the fourth quarter.

Imports to the second largest economy in the world dropped 17.7 percent in September compared to the same month a year ago and have now fallen for 11 consecutive months.

The ocean carrier, which expects to purchase SeaFreight “on or about October 31,” asked the Federal Maritime Commission for an exemption to regulatory rules that would simplify the transfer of about 500 service contracts once the deal is completed.

The mid-Atlantic port is on pace to blow past last year’s annual high for container volumes, according to the most recent data from the Maryland Port Administration.