The Greek port’s box volumes declined in 2016 from a year prior amid increased volumes at the car terminal, while revenues ticked up 3.6 percent.
While A.P. Moller-Maersk plans to narrow its focus to transportation and logistics, the foundation that owns a controlling stake in the company will move in its own direction, Ane Maersk Mc-Kinney Uggla said.
Activist investor Paul Hilal’s hedge fund was looking for a swift and amicable transition for outgoing Canadian Pacific President and CEO E. Hunter Harrison to join U.S. Class I railroad CSX, but negotiations have taken a decidedly hostile turn this week.
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The chief and second engineers of the Top Ship cargo vessel were sentenced Thursday to jail for their role in obstructing a U.S. Coast Guard inspection in July 2015 on board the ship in North Carolina’s Port of Wilmington.
Japan's three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.
The French ocean carrier commenced the ADRIMED Express, which deploys three vessels that connect Egypt, Malta, Croatia, Italy and Slovenia.