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Container business was hampered by overcapacity caused by the delivery of ultra-large containerships, depreciation of the euro and an economic slump in Europe, according to ocean carrier NYK.
A tie-up between Singapore's Neptune Orient Lines, parent of liner company APL, and CMA CGM of France would combine the third and thirteen largest container carriers worldwide.
The U.S. Navy used side scan sonar devices to locate the wreck under 15,000 feet of water, and additional equipment will be required to confirm ship's identity, according to the National Transportation Safety Board.
With world leaders convening in Paris for global talks on how to slow climate change, the shipping industry says it is doing its part and ocean carriers say more efforts are underway to lower carbon dioxide output from vessels.
Jamaica will use SOGET's port community system to provide a single platform for submission of key logistics and compliance data as the country looks to grow its container volumes after the completion of the Panama Canal expansion.
While some containers will flow to Portland, others will be loaded on trains in Boardman, Oregon for shipment through Seattle and Tacoma.