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China Shipping Container Lines Co., the nation’s second-largest cargo-box carrier, said shipping lines will avert a price war at the end of the peak season after overcapacity caused industrywide losses. “There’s not going to be a plunge” in rates when the peak season ends within the next month, Managing Director Huang Xiaowen said by phone [...]  Port of Longview commissioners approved Tuesday the repurchase of 35 acres from Simpson Timber Co. for $3.15 million, and economic development officials say they’re in talks to bring a new industrial tenant to the site. … The company would bring family-wage jobs to the area, but an agreement has not been finalized, he said. The [...] HAPAG Lloyd and CMA CGM should be forced to cut their fleet capacity in return for government financial support, Danish shipowners have told the European Commission. The suggestion to directly link state support with fleet reductions was put forward during a meeting between Brussels competition officials and the Danish Shipowners’ Association last week. According to [...] The Los Angeles City Council on Wednesday agreed to postpone the collection of a cargo fee that’s supposed to generate $1.4 billion for bridge, railway and road improvements around the Port of Los Angeles. The infrastructure fee was adopted by the ports of Los Angeles and Long Beach in January 2008, but was never collected [...] Containership charter rates are testing fresh lows, and hire periods are shrinking rapidly as ocean carriers rein in leased box capacity in a bid to narrow the huge supply/demand gap. The market is “deeply depressed” with conditions worse than in the previous downturns in the mid-1980s and in 2002, according to Clarkson, the leading London [...] Port of Portland's Terminal 6 An international shipping company continues to eye the Port of Coos Bay on the Southern Oregon Coast as the future home of its newest terminal to handle container cargo. But APM Terminals North America has slowed the process in light of a struggling global economy that has caused shipping [...] |
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