Trade numbers at the ports of Los Angeles and Long Beach, the nation’s busiest seaport complex, rose sharply in February compared with the same month last year, lending strength to the arguments of some experts who believe that a stronger-than-anticipated recovery may be underway.
It was the port complex’s third straight month of growth compared [...]
A small shipping start-up called The Containership Co. will launch weekly service next month at the Port of Los Angeles, bolstering shipments by an estimated 250,000 cargo containers annually, officials announced Friday. The Norwegian company will operate from the port’s TraPac terminal, handling cargo shipped directly from the small industrial Chinese port of Taicang, located about [...]
The world’s third-largest container shipping line, CMA, CGM, is seeking capital from outside investors for the first time in an attempt to tackle a liquidity crisis that has dragged on for months and left it unable to complete payments for new ships. The fresh capital injection is part of a wider restructuring package which, if [...]