UPS Airlines pilots represented by the Independent Pilots Association today ratified a new five-year labor agreement with over 91 percent voting in favor of the deal, according to a statement from the union.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
The Hamburg-based maritime services provider reported a net loss of 131.5 million euros for the first half of 2016 on revenues of 249.3 million euros.
Registration takes less than 1 minute.
Louise Muenter, head of media and stakeholder relations at A.P. Moeller-Maersk, said a corporate restructuring is a possibility following a report the Danish shipping conglomerate could be split into separate transportation and energy companies.
William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has been president and CEO of MLL since 2014.
Meanwhile, the A.P. Møller - Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the second quarter of 2015.