David Kersten, an analyst from the investment bank Jefferies, told Bloomberg in an interview the most likely scenario is that Maersk would take over the assets of the South Korean liner carriers.
Aviation industry officials and governments are expected to finalize a global climate change agreement at the International Civil Aviation Organization's 39th Assembly in Montreal, which begins today, according to the Air Transport Action Group.
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
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The South Korean ocean carrier filed for recognition of its Korean insolvency proceeding in the United States Friday in the U.S. Bankruptcy Court for the District of New Jersey and the court ordered a hearing on the request for Tuesday.
The containership lessor sold the 3,700-TEU MOL Express for scrap, pocketing $5.94 million in the process, according to a report from maritime consultant Clarksons Research.
The express carrier and logistics provider is building a package terminal in Southern California and integrating 3D printing into a facility in Singapore.