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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?"
The MacArthur Lock, one of the two actively used locks that enable ships to travel between Lake Superior and the lower Great Lakes, will be closed for at least 10 days due to a malfunctioning gate.
U.S. government data shows the value of imports and exports in the North American free trade zone fell, with vessels and pipelines bearing the brunt of the downturn.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.