The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
Members of the U.S. Federal Maritime Commission voted in favor of requesting additional information from the four shipping companies planning to create the Ocean Alliance.
The South Korean ocean carrier submitted a financial improvement plan to the state-run Korea Development Bank Thursday, but did not reveal details on the plan.
Registration takes less than 1 minute.
Year-to-date volumes on the St. Lawrence Seaway have been hindered by the lack of iron ore and coal, but international traffic continues to be well above the five-year average, Saint Lawrence Seaway Development Corporation Administrator Betty Sutton said.
The Greenwich, Conn.-based third-party logistics provider’s CEO Brad Jacobs is bullish on his company's technology focus as it secures $1.6 billion in debt refinancing that will lower interest payments 12 percent over the next five years.
The French ocean carrier, which earlier this year acquired a majority of NOL, the parent company of ocean carrier APL, will consolidate the existing transpacific businesses of its ANL and US Lines brands between North America and Asia under the APL brand.