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Day: June 5, 2011

A perfect storm for Korean shippers

Korea’s shipping industry has been beset this year by high oil prices, pirate attacks and a lack of shipping capacity. Adding to the problems, the operating profits of the top three shippers in Korea – Hanjin...

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Port of Oakland to get $18 million from the feds

The federal government will give the Port of Oakland $18 million in the next fiscal year to help the port keep its shipping channel 50 feet deep, the port announced this week. The money is being distributed by the U.S. Army...

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Shippers Seek Lower Rates From Slow-Steaming

Shippers are adjusting to slow-steaming by ocean carriers but want carriers to use some of the savings to reduce freight rates and improve customer service, according to a survey of 290 logistics executives. Philadelphia-based...

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