The Pacific Maritime Association has proposed extending the contract until July 1, 2022, with a 3.1 percent yearly wage increase over the base wage rate of $42.18 per hour.
The North Liberty, Iowa-based trucking and logistics company reported a net income of $14 million and operating revenues of $130 million for the first quarter of 2017.
The Houston-based tank barge operator’s net earnings fell 27.8 percent year-over-year in the first quarter of 2017 to $27.5 million.
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The Danish shipping giant has confirmed it is selling its Brazilian cabotage subsidiary Mercosul Line in a preemptive move aimed at satisfying any potential competition concerns from Brazil’s Conselho Administrativo de Defesa Economica (CADE).
Experts have attributed the surge in icebergs to unusually strong counter-clockwise winds that are drawing the icebergs south, and possibly from global warming, the Associated Press said.
The Singapore-based containership lessor, which has a fleet of 14 Panamax ships, said it will wind up operations in the wake of defaulting on loans.