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Source: NYTimes
Source: Labor Video Project
Source: Labor Video Project
Hanjin lossesDrewry said cash-strapped Hanjin Shipping has recently announced to its customers that it will be leaving two unprofitable trade lanes. The South Korean carrier will cease taking slots on the Asia‐Black Sea Express (ABX) service of China Shipping, Yang Ming and Wan Hai, and from April / May will pull out of the transatlantic market, where it operates one 4,367 teu ship (Hanjin Pheonix) on the CKYH Alliance and Evergreen TAE loop (dubbed NTA by Hanjin).
While Hanjin’s involvement in both trades has only been marginal, the move is symptomatic of a carrier that has been forced to curb its ambitions for global port coverage by persistently weak financial performances.
More at Drewry Maritime Research
The Port of Vancouver still wants potash.
More than three years after the world’s biggest mining company, BHP Billiton, selected the port as its preferred site for a facility to export potash — a crop nutrient — the two parties remain in negotiations over the terms of a long-term lease.
Theresa Wagner, the port’s communications manager, said this week that port Executive Director Todd Coleman is expected in February to extend talks to mid-May. The hope is to have a final, 30-year lease agreement in place by mid-2014, Wagner said.
More at the Columbian
Source: CEPR
Source: NY Tmes
Source: Rabble.ca
Source: Boston Globe
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