Orient Overseas (International) Ltd., Hong Kong’s biggest container line, posted its first annual loss in 11 years after volumes and rates plunged. The $402.3 million net loss in 2009 compared with a net income of $272.3 million...
Read MoreOrient Overseas International Limited, parent of containerline OOCL, reported full year results heavily in the red today, but still performing better than its peers. The Hong Kong containerline recorded a 2009 net loss of...
Read MoreThe Port of Tacoma is finally selling its Maytown property – at an initial loss to the agency of $10 million – to company that plans to mine the site for gravel. The port commission voted today to authorize the sale of its 745...
Read MoreA Superior Court Judge has rejected a request from the City of Riverside, CA, that would have shut down work on expansion of the China Shipping Terminal at the Port of Los Angeles and forced the port to redo its Environmental...
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