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Day: May 24, 2012

Hanjin Losses Mount Despite Higher Volume

Hanjin Shipping’s container shipping unit posted a first quarter operating loss of 237.8 billion won ($208 million) as weak rates offset a 7.4 percent increase in container volume. The South Korean carrier’s operating loss on...

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Maersk angling to operate Virginia ports

A unit of Danish shipping conglomerate Maersk wants to purchase operating rights of the Port of Virginia’s cargo terminals for package of short-term and monthly payments valued at between $3.2 billion and $3.9 billion. APM...

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