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The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
New orders for manufactured durable goods increased 3.4 percent to $235.3 billion in June led by strong orders for transportation equipment.
Three Florida family members were indicted for their alleged participation in a scheme to defraud Miami-area lenders and the U.S. Export-Import Bank.
The Maritime Administration's hoarding of proceeds from vessel sales, refusal to distribute maritime heritage grant funds and continued stonewalling of FOIA requests presents a troubling picture. And it’s not one of a transparent agency.
Brent crude, considered by most analysts to be the global benchmark for oil prices, fell below $50 a barrel for the first time since January amid slowing demand growth and growing global oversupply.
The global shipping transportation services provider, through a separate wholly-owned subsidiary, entered into a time charter contract with Maersk Line A/S, which will charter the m/v Great for $14,750 a day.