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Singapore investment company Temasek is seeking buyers for Neptune Orient Lines, parent of ocean carrier APL, according to reports from the Wall Street Journal.
"The ultimate customer of the world’s cargo shipping industry deserves a voice at the table of the regulatory bodies deciding its future," GSF Chairman Robert Ballantyne said in the forum's annual report.
Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.
Trade ministers left Hawaii on Friday without concluding a TPP deal because several countries held out to protect specific domestic industries like pharmaceuticals, automobiles and agriculture from competition.
BlueWater Reporting revealed ocean carriers operate a total of 31 container services on the Mediterranean to Africa trade and 16 on the North Europe to Africa trade.
Every question deserves an answer, and as maritime administrator of the United States, I feel that the U.S. maritime industry and community deserve a factual answer to the question "where did the Maritime Heritage Grant money go?"