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A new study of the Port of Vancouver’s signature project — a planned 27-mile expansion of rail tracks to speed cargo and handle more of it — says the port will have to borrow as much as $75 million to cover a shortfall and should adopt plans to avoid cost overruns. The West Vancouver Freight [...]  China Cosco Holdings Co., Asia’s largest shipping company by market value, said lines needs to stay “level-headed” to prevent a capacity glut from overwhelming a rebound in cargo demand. China Cosco and China Shipping Container Lines Co. both said today they won’t order any new vessels this year as shipyards works through box-ship backlogs with [...] |
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