The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
FedEx Express entered into an agreement with Korail Networks to utilize the Korea Train eXpress network to transport time-and temperature-sensitive healthcare shipments.
The Danish liner carrier has resumed service to Iran after a five-year absence and just a year and a half after the Maersk Tigris was fired upon by the Iran Revolutionary Guard Corps Navy.
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The U.S. Justice Department said Thursday that three men were arrested on charges of illegally exporting military technology to Russia.
Marine Guard 100’s anti-rust efficacy was verified during two-and-a-half years of testing on the deck, ballast tank, piping and other metal surfaces on an oceangoing coal carrier owned by NYK and managed by Hachiuma Steamship Co. Ltd.
The Shanghai Containerized Freight Index fell 3.5 percent from last Friday to a reading of 707.68, declining for the second straight week as the short-term boost after Hanjin Shipping filed for receivership at the end of August has now faded.