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With 10 days to go until funding for highway and transit programs runs out, a motion to proceed with debate was defeated as Democrats claimed they hadn’t been given enough time to read the details of the 1,030-page multi-year bill unveiled Tuesday morning.
Singapore investment company Temasek is seeking buyers for Neptune Orient Lines, parent of ocean carrier APL, according to reports from the Wall Street Journal.
Maritime services provider Inchcape Shipping Services announced a strike scheduled at the Port of Necochea, Argentina for July 10, July 16 and July 17 has been lifted and suspended for 15 days.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.