Separately, the three Japanese ocean carriers - NYK, “K” Line and MOL - on Friday filed an agreement with the Federal Maritime Commission to merge container operations.
The sanctions, pursuant to the Iran, North Korea, and Syria Nonproliferation Act, will remain in place for two years.
The ranking member of the House Transportation and Infrastructure Committee introduced the Investing in America: A Penny for Progress Act, which aims to raise roughly $500 billion in transportation infrastructure funding via 30-year Treasury bonds.
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Maritime and Port Authority of Singapore appoints new chairman, while B&H Worldwide promotes managing director, Germany, ICAO names new president of its Air Navigation Commission, and ATA hires vice president of safety policy and connectivity.
The World Shipping Council has warned of unintended consequences that would be detrimental to shippers if a rule was adopted that would limit situations in which detention and demurrage may be collected.
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.