Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.
The troubled South Korean ocean carrier received approval from seven lenders to restructure debts and will now turn its focus to restructuring ship chartering agreements.
SSA Marine's Oakland International Container Terminal, which has operated nights and Saturdays for two months to ease pressure on busy weekday cargo operations, will stay open three nights a week in a during a four-week trial.
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Macquarie, which already owns several container terminals in the U.S. and Canada, will now own the largest container terminal at the Port of New York and New Jersey.
SAL appoints manager of Singapore office, while Union Pacific appoints cyber-security expert to board and Johanson Transportation Service announces promotions.
Florida Gov. Rick Scott on Monday signed a new law that boosts the annual floor in appropriations for port infrastructure by two thirds.