Container Shipping

Lease termination calls for marine terminal to pay rent, utilities, clean-up costs.

Already facing issues ranging from overcapacity, downward pricing pressure, and more brand consolidation, carriers must now confront shipper’s concerns about regulatory mandates that will likely result in more seaport congestion.

The container-shipping industry has been highly unprofitable over the past five years, note analysts with McKinsey & Company. Making things worse, earnings have been exceptionally volatile.

The dubiously dubbed “Grand Canal of Nicaragua” bears a troubling resemblance to the phantom “Argentine Canal,” proposed in the 19th century. By all evidence, both ideas are frauds.

In a move that may alter the balance of U.S.-flag shipping, Matson, Inc. announced that it is acquiring the stocks of rival carrier, Horizon, and its Alaska operations. Meanwhile, Pasha – a privately-held logistics provider based in the San Francisco Bay Area – will acquire Horizon’s Hawaii operations