SOUTHERN California ports of Los Angeles and Long Beach both suffered declines in June cargo volumes, but one suffered far more than the other

South Korea's major shipbuilders, led by Hyundai Heavy Industries Co., logged worse-than-expected losses in the second quarter, reports Yonhap.

PRESIDENT of the Pacific Merchant Shipping Association (PMSA), John McLaurin, says California's ports have lost market share over the past decade due to high costs, regulatory uncertainties, and environmental restrictions, noting the beneficiaries have been ports on the US East and Gulf coasts and Canada's West Coast