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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Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
A sense of what the container shipping industry may look like a year from now has started to emerge as ocean carriers seek to avoid a financial wreck from overcapacity and low freight rates.
The Calgary-based Class I railroad cited lower-than-anticipated bulk volumes, the devastating wildfires in northern Alberta and a strengthening Canadian dollar as the primary reasons for the downward revision in earnings expectations.