A number of unionized workers at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) organized industrial action on Tuesday and Wednesday after the company missed a previously agreed deadline to pay KRW 20 billion (USD 17.7 million) of delayed wages, according to local media.
In the best year for the freight transportation industry since the Great Recession, logistics managers chalk up efficiencies that drive further U.S. economic growth. However, capacity issues persist, causing shippers to worry about rate hikes as carriers continue to be meticulous in their partnerships.
Maersk Line, the world’s largest container shipping company, has signed a USD 1.1 billion contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of nine container ships with a capacity of 14,000 TEU (twenty-foot equivalent) each
Don’t have time to rehash last year and want to know what’s in store for the next 18 months? You’ve got freight to move, so here are the takeaways from the annual State of Logistics report released on Tuesday by the Council of Supply Chain Management Professionals and JOC.com reporting. (This article requires registration at […]
WASHINGTON — A gauge of American business investment spending plans rose in May, a tentative sign of stabilization in the manufacturing sector, which has been weak since the late summer of 2014.
The Central Asian nation of Kazakhstan has completed accession talks with the World Trade Organization, according to a statement from WTO.
Jaxport received its first shipment of brand new 53-foot Wide-Top Pick cargo containers this week for TOTE, Inc.’s Marlin Class ships, the first LNG-powered containerships, the Jacksonville Port Authority said in a statement
Liner schedule reliability improved for the fourth consecutive month in May as the aggregate on-time performance for the three core East-West trades jumped by 4.0 percentage points to reach a new data-series high of 71.6 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
The Port of Long Beach in May recorded its busiest month since October 2007, indicating that cargo volumes are returning to pre-recession levels and the worst effects of the labor disruptions this past year are over. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
WASHINGTON (MarketWatch) — The U.S. factory sector, ailing from the strong dollar, global weakness and lower oil prices, has slipped into a technical recession, new data released Monday show.
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