Svitzer was spun off from A.P. Moller-Maersk A/S about a year ago, and the shares had lost about 8% since the listing on Nasdaq Copenhagen before April 2.

Total tonnage at Port Houston was down 5% year-over-year in February, with an estimated 14 days in the month impacted by fog.

The sector is already preparing for imminent additional risk, with new clauses that state companies hiring Chinese ships will bear the cost of any taxes.

It’s the latest twist in one of the most geopolitically complicated deals ever for the 96-year-old business titan.

UNTU is demanding a one-year deal with a 10% increase — in addition to housing and medical allowances — and declined to take the final offer from Transnet.

The HMM Green arrived in Busan, South Korea on March 26, measuring nearly 900 feet long, with a 9,000 TEU capacity.

Because bananas are a low-profit margin food and cannot be grown in the U.S., the proposed fees would quickly — and noticeably — increase grocery store prices.

The Elizabeth terminal handles more than 25% of the yearly container throughput in the port complex, and is the company's largest terminal on the East Coast.

Western states have repeatedly complained about the risk posed to the environment by the fleet of ships Moscow uses to carry its supplies.

Bimco said that port fees are generally passed on in the supply chain, meaning that U.S. consumers would ultimately face higher prices.