The anti-globalization and anti-trade rhetoric of the U.S. presidential election has become a primary economic threat to emerging countries, according to Bloomberg's Mohamed A. El-Erian .
United States GDP grew slightly more than initially expected in the first quarter of 2016, and durable goods orders ticked up in April, according to the most recent data from the Department of Commerce.
Meanwhile, the struggling South Korean ocean carrier said in a statement Sunday it expects to reach an agreement with ship owners regarding charter rate renegotiations “soon.”
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However, the International Maritime Organization's Maritime Safety Committee said there should be no delay in the implementation of the verified gross mass rule.
Thanks to $100 million investment in infrastructure improvements, the Port of Wilmington, N.C. will be able to handle 10,000-TEU vessels by this summer, the North Carolina State Ports Authority said in a statement.
SAL appoints manager of Singapore office, while Union Pacific appoints cyber-security expert to board and Johanson Transportation Service announces promotions.