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22
Mar
YMM, OOCL and ONE to launch joint intra-Asia loop
The new loop will link South China and Japan with Southeast Asia, utilizing four vessels averaging 4,754 TEUs. News Source: American Shipper Yang Ming, OOCL and ONE in April will launch a new joint intra-Asia service connecting South China and…
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31
Aug
Hanjin shipping talks bankruptcy
Source: www.joc.com The bankruptcy and apparent unraveling of Hanjin Shipping on Wednesday — the world’s seventh-largest container line — following the withdrawal of support from its creditors after a lengthy period of financial distress, will cause an immediate upward adjustment in US import rates and…
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02
Aug
Ocean Alliance plans to Deploy largest ship seen at US Port
Source: www.joc.com The 18,000-TEU CMA CGM Benjamin Franklin, pictured in San Francisco Bay during a call to the Port of Oakland in February, could be one of the mega-ships the Ocean Alliance plans to deploy to the U.S. West Coast.…
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14
Jul
Longer turn times at Long Beach Ports cost shippers
Source: www.joc.com The average visit to the Long Beach Container Terminal, the gates of which are pictured, took 69 minutes in June. Credit: AJ Edmond Truck lines in Los Angeles-Long Beach got slightly longer in June, much to the chagrin…
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28
Apr
Two Major Carriers in Merger Talk!
Source: www.joc.com Standard & Poor’s has placed Hapag-Lloyd on negative credit watch because of uncertainty over the impact of a potential merger with United Arab Shipping Company on the German carrier’s capital structure and financial leverage. “The potential merger, in…
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