The maritime information provider and creator of the famed Baltic Dry Index will work closely with shipbrokers and end-users to create new freight rate benchmarks and indices to be launched later this year, according to Baltic Exchange CEO Mark Jackson.
The Trump administration has nominated Richard Ashooh of New Hampshire as the assistant secretary of export administration in the Commerce Department’s Bureau of Industry and Security.
The Philadelphia Regional Port Authority has rebranded the Northeast U.S. port to PhilaPort in wake of increased investments and port expansions.
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Upon completion of the deal, several Maersk Line senior executives will join the top management team of German ocean carrier Hamburg Süd, the companies said in a joint statement.
Certain provisions of the merger agreement would have "jumped the gun" by allowing NYK, MOL and "K" Line to share competitively sensitive information or prematurely combine, according to the Federal Maritime Commission.
The Danish shipping company will use the cloud computing platform to develop digital products and services across all brands in its A.P. Moller - Maersk Transport & Logistics division.