The 9,742-TEU containership COSCO Shipping Panama began its historic passage through the expanded waterway, construction of which began back in 2007, Sunday morning.
The U.S. Department of Transportation is looking into how delays at ports and other loading and unloading facilities may be affecting driver compliance with hours-of-service rules designed to increase safety.
Union Pacific’s failure to maintain its track and equipment resulted in broken and sheared lag bolts, which caused the June 3 derailment of a train near Mosier, Ore., according to a preliminary report from the Federal Railroad Administration.
Registration takes less than 1 minute.
Pacific Maritime Association President and CEO James McKenna said he expects to hear from International Longshore and Warehouse Union this summer on whether it wants to discuss the extension of the five-year labor contract.
Troubled South Korean ocean carrier Hyundai Merchant Marine is disputing press reports that it might be required to merge with fellow state-run line Hanjin Shipping in order to gain entry into the new east-west vessel sharing agreement.
Stock in South Korea’s second-biggest container carrier fell the most in three weeks in Seoul trading on uncertainty over whether the company would obtain deep discounts for rates on leased vessels in its negotiations with shipowners.