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The Danish firm's acquisition of third-party logistics provider UTi is the latest in a string of international mergers in the 3PL industry this year.
The ocean carrier will take delivery of two 3,600-TEU containerships from Aker Philadelphia Shipyard Inc. that are currently expected to be delivered in the third and fourth quarters of 2018.
An undeclared consignment of handguns that was on its way from Mumbai, India to the Democratic Republic of Congo was discovered in a United Nations shipment on board the Höegh Transporter.
Industry advisors to the Commerce Department are calling on the government to get involved much sooner when contract talks between dockworkers and terminal operators diminish port productivity.
A group of Republican House lawmakers on Friday exercised a rarely used “discharge petition” to gather enough support to force a vote on the chamber floor to reauthorize the U.S. Export-Import Bank.
The legislation (HR 702) also includes a provision to increase funding for the 60 ships in the Maritime Security Program from $3 million to $5 million.