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Shanghai Jiangnan Changxing Shipbuilding will build the China Shipping Container Lines vessels, which are scheduled for delivery in 2018.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
Trade ministers left Hawaii on Friday without concluding a TPP deal because several countries held out to protect specific domestic industries like pharmaceuticals, automobiles and agriculture from competition.
BlueWater Reporting revealed ocean carriers operate a total of 31 container services on the Mediterranean to Africa trade and 16 on the North Europe to Africa trade.
Every question deserves an answer, and as maritime administrator of the United States, I feel that the U.S. maritime industry and community deserve a factual answer to the question "where did the Maritime Heritage Grant money go?"