The United Kingdom's vote to leave the European Union last week could have implications for the Transatlantic Trade and Investment Partnership between the U.S. and EU, as well as the Trans-Pacific Partnership, according to experts at the Stimson Center.
The struggling South Korean shipping line plans to return 20 containerships and 18 bulk vessels when their charters expire this year and next as the latest step in its cost cutting and restructuring efforts.
A collection of maritime industry groups on Monday released a revised set of frequently asked questions to support smooth implementation of the container weight rule scheduled to take effect Friday.
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Meanwhile, the state of Georgia dedicated a new road connecting the Port of Savannah to I-95, saying it will speed cargo flow and improve safety.
The 10 STS cranes will be the tallest in service at any port in the United States, capable of handling ultra-large containerships with capacities of up to 20,000 TEUs, according to port terminal operator APM Terminals.
Matt Cox, chief executive officer of the Jones Act ocean carrier, says he would not be surprised if industry losses in 2016 exceed $10 billion, but Matson, which operates primarily between the U.S. mainland, Hawaii and Alaska, has limited exposure.