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Brightstar Group and Unik Toyz Trading, both based out of Los Angeles, Calif., agreed in federal court to cease their imports of hazardous children's toys.
No reasons was given for NYK's decision, but industry officials say it is tough for carriers to make money in the north-south trade lanes today.
No sighting of lifeboat yet as multiple aircraft and ships search the area for TOTE Maritime Puerto Rico ship and crew.
The fund will be held and administered by the Seamen’s Church Institute, North America’s largest mariners’ service agency, following the structure put in place by TOTE.
The entire investigation into the loss of TOTE Maritime Puerto Rico ship will take 12-18 months, but the NTSB will release findings on an "as needed" basis in advance of its final report.
The national mail carrier of Singapore and aspiring global logistics provider has agreed to purchase a 71.1 percent share in Jagged Peak, Inc. for $15.8 million.