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A.P. Moller Maersk reported a record-setting $1.6 billion in profits for the first quarter, thanks in part to Maersk Line profits of $714 million.
Revenues from ocean carrier APL decreased as the company eliminated unprofitable capacity, according to NOL's most recent financial statements.
The North American bulk chemical transportation specialist and logistics service provider agreed to an all-cash purchase price equivalent to $16 per share.
The Hamburg port terminal operator has ordered three new gantry cranes for its Burchardkai terminal that will allow it to handle containerships with capacity for over 20,000 TEUs.
Operations returned to normal on Monday after a disagreement with an International Longshore and Warehouse Union marine clerk local over dispatching procedures closed the port during second shift Sunday, according to the Pacific Maritime Association.
CBP official says enforcement of quotas and duties in the textile industry will become a two-way street.