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In response to weak demand, Maersk has also cancelled options for eight containerships - six 19,630-TEU vessels and two 3,600-TEU feeder ships - and could cancel eight more, according to the Danish shipping conglomerate.
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 Crown Emma ran aground on the western bank of the Bosphorus Strait near Kirecburnu, Turkey and nearly collided with a gas station on shore, according to reports from Splash 24/7.
Meanwhile, a Federal Aviation Administration task force released its recommendations regarding a registration program for unmanned aircraft systems that will affect the use of drones in both commercial and recreational settings.
Descartes Systems Group said Wednesday it has acquired Oz Development, a provider of application integration solutions that help small-to-midsized businesses automate their logistics and supply chain processes.