The Puyallup, Wash.-based shipping company’s last call at the Port of Portland, Ore. will be Saturday, May 21.
NEWS FLASH: Talks to reduce HMM containership charter rates fail
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
IAG Cargo to launch new London-Santiago, Chile route
The cargo airline said it will become the only carrier to fly direct from its London Heathrow hub to the Santiago International Airport.
FedEx acquisition of TNT Express nears completion
Parcel giant FedEx declared its $4.8 billion offer for the Netherlands-based global package delivery firm “unconditional,” meaning all predetermined terms have been either met or waived, according to a joint statement from the companies.
RCL posts troubling Q1 earnings
The Thailand-based container shipping line experienced a net loss of 243 million Thai Baht (U.S. $6.8 million) in the first quarter of 2016, compared to a net profit of THB 173 million in the first quarter of 2015.
CMIT container volumes skyrocket in Q1
Throughput at the Cai Mep International Terminal in Vietnam, an APM Terminals facility, surged 130 percent year-over-year to 277,303 TEUs during the first quarter of 2016 thanks to the addition of five new ocean liner service calls.
Oakland rolls out phone app for truck drivers
The port said it wants to have 3,000 drivers using the new application, which allows them to view waiting and transaction times at container terminals, by June.
Commentary: The way to strengthen ties with Asia is to pass TPP
The economic case for the 12-nation Trans-Pacific Partnership is convincing, and in Southeast Asia, the strategic costs of not approving it are high, and rising fast, according to Bloomberg columnists Nisid Hajari and Mary Duenwald.
Hapag-Lloyd adjusts Med-ECNA loop
The German ocean carrier will add calls to its Mediterranean Gulf Express service, which operates between the Mediterranean, the Caribbean and the East Coast of North America.
Commerce sets duties for cold-rolled steel from China, Japan
The U.S. Commerce Department said Chinese producers and exporters of cold-rolled steel to the U.S. will receive a dumping margin of 265.79 percent, while Japan’s cold-rolled steel producers and exporters will receive a dumping margin of 71.35 percent.