Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International Chamber of Shipping.
The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the company’s most recent financial statements.
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
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The World Trade Organization has agreed with the United States to establish a dispute settlement panel to examine China’s export duties and quotas on 11 raw materials.
The Pacific Merchant Shipping Association will start publishing the average container dwell times at 12 marine terminals in the ports of Los Angeles and Long Beach on a monthly basis to help supply chain efficiency efforts.
The union and employers said contract discussions 19 months prior to the expiration of the current contract "demonstrates the commitment each side has to maintaining stability and growth."