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Order from DSME includes an option to add six more ultra-large container vessels.
The Federal Maritime Commission said its detailed monitoring of the Maersk-MSC alliance in the east-west liner trades has "raised no red flags."
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.
The Port of Los Angeles will begin construction this summer on a two-year project to upgrade and expand berths and backlands at the Yusen Terminals LLC container terminal.
The roll-on/roll-off cargo vessel Kvitbjorn, the first ship powered by liquefied natural gas-powered in Nor Lines’ fleet, grounded off the coast of Norway over the weekend.
White House now believes it has the leverage it needs to seal the massive 12-nation Trans-Pacific Partnership trade deal.