The power play starts at Los Angeles

Posted to Martin Rushmere (by Martin Rushmere) on November 26, 2013

When a minor cog in a political machine starts asking whether jobs will be lost at a port because of the drive for greater efficiency, you know there are real problems ahead. That in essence is the situation facing Los Angeles following the…

Asset sale plan as China Cosco sets course to stay on bourse

Posted to Far East Maritime (by Greg Knowler) on August 1, 2013

The woes continue for China Cosco Holdings. For two years the Chinese flagship carrier has posted losses, dragged down by blind expansion and slowing mainland growth. This week China Cosco announced that the losses have continued in the first…