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...
Read MorePort 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. …...
Read MoreHAPAG 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...
Read MoreThe 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...
Read MoreContainership 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”...
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