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Neptune Orient Line, the parent company of ocean carrier APL, said it remains focused on its core liner business.
The U.S. International Trade Commission on Tuesday determined that imports of certain Chinese tires for passenger vehicles and light trucks unfairly harm domestic producers.
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."