NEWS
CMA CGM shareholder urges P3 carriers not to give up
CMA CGM shareholder Robert Yildirim was not surprised by China’s rejection of the P3 Network but urged the carriers not to give up on the idea. Speaking on the sidelines of [...]
Port of Long Beach to tap former FedEx Canada head as chief executive
Slangerup is expected to be voted in at a meeting of the Long Beach board of Harbor Commissioners on Monday. THE Port of Long Beach will name Jon W Slangerup, former [...]
Some West Coast shippers stuck with no backup plans
It’s too late for some retailers depending on shipments through West Coast ports. If they have no contingency plans for a potential strike or slowdown tied to International Longshore and Warehouse [...]
Container rates face ‘unprecedented volatility’ until 2016
EXCESSIVE container shipping supply will continue to drive volatile and bearish rates on key trades for some time, and a new round of orders for vessels larger than 24,000 teu could [...]
Panama Canal Contractor Resumes Work on New Locks
The consortium building the new locks at the Panama Canal resumed work on the project on Thursday after a two-week suspension in a dispute over $1.6 billion in cost overruns. The [...]
Panama Canal Settlement Leaves Technical Problems Unresolved
The settlement of the dispute over cost overruns between the Panama Canal Authority and the engineering consortium building its new set of larger locks leaves unanswered the questions of when the [...]