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Day: April 16, 2010

March exports jump at Los Angeles, Long Beach ports

In Los Angeles, the largest U.S. port, exports jumped 15.8% compared with March 2009, driven by such items as scrap paper, scrap metal, agricultural products and finished manufactured goods. Long Beach’s exports also rose...

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Overcapacity to Last Years, says OOCL Chief

OOIL Group Chairman CC Tung said Tuesday that it could take three to four years before the container industry works its way out of the glut of vessel capacity that hangs over the market. “We are pleased to see that after a very...

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Idle Container Ships Fall to 14-Month Low

The number of laid-up container ships above 5,000 20-foot equivalent units capacity has shrunk to the lowest level in over 14 months, largely due to slow steaming. And the number likely will fall even further in the coming two...

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