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The Federal Maritime Commission found the Northwest Seaport Alliance is not likely to reduce competition or result in an unreasonable increase in cost or reduction in service.
The Federal Maritime Commission's report was based on feedback from industry leaders at four public forums held around the country to gauge the impacts of port congestion and examine possible solutions going forward.
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.
Incidents in Belgium accounted for 161 of the 501 total cargo thefts reported in the region during the second quarter, according to the FreightWatch International Q2 2015 Intelligence Update Report for Europe, the Middle East and Africa.
The Canadian train and aircraft manufacturer in May outlined plans to list a minority stake in its rail business, but Chief Executive Alain Bellemare denied the company was considering selling the entire unit.
Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.