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.
Registration takes less than 1 minute.
Brambles, an international pallet and crate supplier operating under the brands CHEP and IFCO, has announced a number of sustainability measures that it aims to implement by 2020.
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.
A televised broadcast of the first ship to transit the widened Central America waterway will follow testing of new locks earlier in the month.