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Ocean carrier MOL, which owns 16.5 percent of Daichi, is projecting a loss of approximately $209 million as a result of the bankruptcy.
A lawsuit from Canadian National Railway accuses a former employee of sharing confidential client information with rival railroad Canadian Pacific, according to multiple media reports.
The Turkish Steel Exporters’ Association are meeting with federal government officials and industry experts in Washington this week with plan to improve U.S.-Turkish steel trade relations.
Industry advisors to the Commerce Department are calling on the government to get involved much sooner when contract talks between dockworkers and terminal operators diminish port productivity.
A group of Republican House lawmakers on Friday exercised a rarely used “discharge petition” to gather enough support to force a vote on the chamber floor to reauthorize the U.S. Export-Import Bank.
The legislation (HR 702) also includes a provision to increase funding for the 60 ships in the Maritime Security Program from $3 million to $5 million.