The U.S. Coast Guard is coordinating with the New York Air National Guard and the Canadian and Portuguese Coast Guards following an explosion and fire on an international bulk carrier 1,300 miles offshore Cape Cod, according to a statement from the USCG.
The eastbound lane at Gatun locks will tentatively close for 10 days in May for dry chamber work.
The Northwest Seaport Alliance handled 334,483 TEUs for the month and 899,295 TEUs so far in 2017, year-over-year increases of 14.2 percent and 10 percent, respectively, according to recent data from the port authority.
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The German ocean carrier is citing benefits from its planned merger with United Arab Shipping Company, but Reuters has reported a "snag" in those plans.
Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.
The liner shipping industry will see “profound change” in the next two decades, as macro-economic & demographic shifts are altering trade patterns, industry consultant Lars Jensen said in his book, Liner Shipping 2025 - How to survive and thrive.