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Day: April 4, 2012

Cosco reports biggest shipping losses so far

Cosco has announced the biggest loss for 2011 so far reported in the shipping sector, and predicted another tough year ahead. The Chinese conglomerate saw a 2010 Rmb6.78 billion (US$1.07bn) profit turn into a Rmb10.5 billion...

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Port Of Bellingham Director To Resign

A top local public official is resigning amid a clash over spending concerns. Port of Bellingham Commissioner Mike McAuley confirmed [this week] that Executive Director Charlie Sheldon is leaving the port. Port Commissioner...

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OOCL, Long Beach Sign 40-Year Lease

Representatives of Orient Overseas Container Line and the Port of Long Beach signed a 40-year lease for a 305-acre container terminal at the Southern California port. As a highly automated facility, the Middle Harbor terminal...

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