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Neptune Orient Line, the parent company of ocean carrier APL, said it remains focused on its core liner business.
Debate continued in the Senate Thursday on a multi-year surface transportation bill that would fund investment in highway, bridge and transit infrastructure, but House lawmakers disagree on how to pay for the measure.
Trade data provider found volumes at East Coast ports rose 15 percent overall in the first half of 2015, benefiting from diversions by carriers from West Coast ports due to congestion issues early in the year.
Georgia Ports Authority said TEU volumes in Savannah have climbed almost 17 percent in the past 12 months.
Foreign Minister Sameh Shoukry said Monday that Egypt is capable of protecting the new waterway that runs alongside the existing canal.
Meanwhile, maritime consultant Drewry said it believes the sale of G6 Alliance member APL's parent company Neptune Orient Lines is unlikely at this time, despite the line being a "habitual loss maker."