The four-year contract is scheduled to take effect on Dec. 19 and includes an initial increase in base wages for Captains and First Officers of more than 55 to 75 percent, with additional yearly wages.
The Rhode Island Department of Transportation is asking for proposals from firms to design, build, operate and maintain electronic tolling facilities for the state's truck-only tolling program, which has been met with protests from industry organizations.
The shipping company’s first of six new vessels is expected to be delivered in the fourth quarter of 2017.
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Hayes Howard, CEO of BlueWater Reporting, has analyzed recent occurrences in the container shipping industry regarding HMM’s bid to join the 2M Alliance, along with Korea Line’s purchase of certain Hanjin assets.
The Danish ocean carrier’s plan to acquire Hamburg Süd in 2017 caps a landmark year for consolidation in the container shipping industry, noted Mario Cordero, the chairman of the Federal Maritime Commission.
Several media outlets reported that owners of the Oetker Group, the conglomerate that owns Hamburg Süd, will meet this week to discuss the future of the German ocean carrier.