Pier Pass traffic mitigaton fee increase

The Maersk Group, the world’s largest steamship line carrier, was hit by a massive cyberattack on 6/27/17. Maersk IT systems were shut down across multiple business units by the attack. This impacted Maersk’s ability to accept new bookings, and prevented them from...

Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL) and Kawasaki Kisen Kaisha (K Line) have announced that their new joint venture will operate under the name Ocean Network Express.  NYK, MOL and K Line will hold 38%, 31% and 31% stakes respectively in the new ¥300bn...

Korea’s Hanjin Shipping Co., the world’s seventh largest shipping line by capacity, filed for bankruptcy protection on Wednesday, August 31.  Hanjin had recently been struggling financially, with $5.5 billion in debt as of the end of June 2016. Hanjin will stop...