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A fire broke out in a container onboard the United Arab Shipping Co. vessel Alula in the early hours of Friday morning as it arrived at Waltershof harbor, according to a statement from the city of Hamburg, Germany.
A rule from the Pipeline and Hazardous Materials Safety Administration requiring shippers to label and document shipments with more than 12 lithium batteries went into effect Friday.
Law firm Homan Fenwick Willan predicts the ban on hazardous cargo resulting from the deadly blast will have a major effect on liquid bulk volumes going forward.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.