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The Pacific Merchant Shipping Association said the ever-increasing size of ships means pilot revenues will continue to grow naturally without need for a rate increase.
Vessel charterer sees benefits from cost management and stronger U.S. dollar.
The cost to Matson could be as much as $15.4 million, and the ocean carrier will cease its molasses operations in Honolulu as part of the settlement.
The FedEx unit of the Air Line Pilots Association has approved a new tentative contract agreement, which must now be voted upon by the express carrier’s 4,000 eligible pilots.
HighJump, a provider of supply chain management solutions, has acquired Wesupply, a U.K.-based premier business-to-business supply chain solutions supplier.
The Port of Rotterdam Authority signed an agreement with the Medan, Indonesia-based port company to conduct a feasibility study on the construction of a new deep water port in Kuala Tanjung.