The German ocean carrier’s shareholders of Friday approved all items on the agenda for the annual meeting, most notably including the approval of new authorized share capital, which will be used toward the merger with UASC.
The U.S. Department of Agriculture said the nation's agricultural trade surplus is also expected to increase to $19.5 billion for fiscal year 2017, up 40 percent from $13.9 billion for fiscal year 2016.
With 13 of the top 20 container lines reporting combined losses of $2.5 billion in the first half alone, industry losses will likely range from $8 billion to $10 billion for the full year, according to Lars Jensen, CEO of SeaIntelligence Consulting.
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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.
The Mountain View, Calif.-based transportation procurement technology startup Cargo Chief uses a technology-forward model that is aimed at rethinking the broker-carrier-shipper relationship.
Starting Aug. 3, foreign-based non-vessel operators currently registered with the U.S. Federal Maritime Commission will receive an email alerting them of their upcoming renewal dates and how to renew their registration using the online filing system.