Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port's overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
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 recently formed shipowner started by investment and asset firm MPC Capital announced the acquisition of seven initial containerships on Monday, with an additional six on the way.
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Texas-based less-than-truckload carrier Central Freight Lines has filed a lawsuit against the e-commerce giant for millions in unpaid fees and court costs, according to legal research firm LexisNexis.
DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.
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.