Helen Delich Bentley, who represented Maryland's 2nd District in the U.S. House of Representatives from 1985-1995 and served on the Federal Maritime Commission from 1969-1975, reported her health has improved.
The London-based shipping consultant reported that OOCL of Japan was the most reliable container shipping carrier in May, with an on-time performance score of 81.1 percent.
An American Shipper poll of shippers and forwarders revealed that nearly 90 percent believe at least some cargo will be delayed by the verified gross mass rule that went into effect globally today.
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Recently purchased APL parent Neptune Orient Lines couldn’t cut costs fast enough to compete in an increasingly commoditized market, chief executive Ng Yat Chung said in a surprisingly candid interview with Singapore’s Straits Times.
German ocean carrier Hapag-Lloyd reached an agreement with United Arab Shipping Company on a merger that would make Hapag-Lloyd the fifth largest container carrier in the world.
The accumulation of high value cargo will increase as bigger ships gather for passage through the newly expanded Central American waterway, increasing insurance risk, according to a new report from Allianz Global Corporate & Specialty.