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.
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.
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.
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.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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