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Japanese logistics operator Sumitomo Warehouse Co. says it is in advanced negotiations to acquire Weyerhauser’s wholly-owned ocean vessel subsidiary, Westwood Shipping Lines. Sumitomo Warehouse said that it has recently obtained preferential negotiating rights to take over the business, which operates six ships in the Pacific Northwest carrying containerized and bulk cargo, including forest products for [...]  Grand China Shipping, which launched its first trans-Pacific service in March, is splitting that service into two strings, effectively doubling its capacity in the U.S.-Asia trade. The original Super Pacific Express service will add Oakland and Qingdao, China, to the rotation. The port rotation will now be Qingdao, Ningbo, and Shanghai in China, Long Beach [...] STX Pan Ocean won a $550 million deal to build two Russian LNG carriers four Danish petroleum carriers. Competition from China and Japan has hardly been a threat to Korea’s surging shipbuilding sector so far this year. Many Korean shipbuilders are on pace to easily surpass their annual targets. Hyundai Heavy Industries, the world’s [...] Seaway International Foods Ltd. of Dartmouth is suing Maersk Canada Inc. for breach of contract over a container-load of Australian beef that went bad when it was mistakenly left in Cleveland, Ohio. “Seaway contracted with Maersk to ship a container of frozen Australian boneless beef to Montreal,” said a statement of claim made public in [...] Japan’s auto production and exports suffered record drops of more than 60 percent each in April following the March 11 earthquake and tsunami disaster, an industry group said Tuesday. The damage to the sector has extended beyond Japan’s borders, mainly due to supply chain disruptions — Toyota and Honda reported last Friday that they saw [...] |
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