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The new canal will decrease congestion on the European waterway and reduce logistics costs, according to officials.
Appropriateness of detention and demurrage charges must be addressed on a case-by-case basis, says World Shipping Council.
Aim of the Northwest Seaport Alliance is to protect and attract more cargo to Puget Sound region.
The railroad transportation equipment manufacturer reported a 15 percent drop in net earnings in its fiscal third quarter compared to its fiscal second quarter, despite record quarterly revenues.
Mary Thien Hoang has served as chief of staff for Federal Maritime Commission Chairman Mario Cordero since April of 2013 and will remain in that position.
U.S. Army Corps of Engineers has only endorsed deepening the harbor entrance and turning basin to 48 feet, but effective depth will be 50 feet.