The German ocean carrier upped the size of a five-year bond from 150 million euros to 250 million euros.
COSCO may make a bid of more than $4 billion for Hong Kong-based Orient Overseas Container Line, according to various media reports.
The deployment of ultra-large containerships has not only increased average vessel size on key east west trades, but has accelerated the consolidation of carriers into vessel sharing agreements and alliances.
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The ship management software provider analyzed six ports throughout the world to better understand what impact the new verified gross mass amendment of the Safety of Life at Sea convention has had on the shipping industry since it took effect July 1.
U.S. Customs Commissioner Gil Kerlikowske had a steadying influence on trade matters, but a Trump administration could shake things up next year.
The U.S. Transportation Department’s Federal Motor Carrier Safety Administration's final rule requires commercial driver's license applicants to demonstrate proficiency in knowledge and behind-the-wheel training, FMCSA said in a statement.