PierPass and WCMTOA Implement August 1 TMF Increase

PierPass, a non-profit company that seeks to create greater port efficiency and sustainability, and the West Coast Marine Terminal Operator Agreement (WCMTOA) have announced an increase to the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long

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COSCO Likely to Acquire OOCL for $6.3 Billion

COSCO Shipping has paired with Shanghai International Port Group (SIPG) in a consolidated effort to purchase Orient Overseas International Ltd. (OOIL), the holding company overseeing Orient Overseas Container Line (OOCL). The proposed deal would pay OOIL $10.07 per share, which

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