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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Shares of struggling South Korean container carrier Hanjin Shipping increased the most in a week following statements from a government official that indicated a merger with fellow state-run line Hyundai Merchant Marine could be on the table after all.
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.
The ocean carrier attributed the reduction in its carbon dioxide emissions primarily to improvements in operational efficiency, fleet and voyage optimization, technical improvements, as well as more fuel-efficient and environmentally-friendly vessels.