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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.
“Supply chain has to be at the forefront of every enterprise in the world, especially ones that are consumer-facing,” Starbucks CEO Howard Schultz said Monday at the Council of Supply Chain Management Professionals’ annual conference in San Diego.
An undeclared consignment of handguns that was on its way from Mumbai, India to the Democratic Republic of Congo was discovered in a United Nations shipment on board the Höegh Transporter.
The fund will be held and administered by the Seamen’s Church Institute, North America’s largest mariners’ service agency, following the structure put in place by TOTE.
The entire investigation into the loss of TOTE Maritime Puerto Rico ship will take 12-18 months, but the NTSB will release findings on an "as needed" basis in advance of its final report.
The national mail carrier of Singapore and aspiring global logistics provider has agreed to purchase a 71.1 percent share in Jagged Peak, Inc. for $15.8 million.