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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.
Deutsche Post DHL Group reported consolidated net profits of 49 million euros for the third quarter of 2015, an 89.5 percent year-over-year decline, which primarily resulted from a decline in earnings before interest and tax.
The FAST Act, which provides $253 billion in funding over five years for highway and bridge infrastructure, motor carrier safety, hazmat safety, passenger rail programs and transit, now goes to the House and Senate for a full vote.
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.