The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.
Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.
The truckload transportation and logistics provider’s net income for the quarter tumbled 20.3 percent to $16 million compared with the same 2016 period even as revenues grew 3.8 percent to just over $501.2 million.
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House Reps. Mike Kelly, R-Pa., and Peter DeFazio, D-Ore., have introduced bipartisan legislation that would increase investments in harbor and port projects by 29 percent from current funding levels without raising user fees or taxes.
Authorities are still searching for the very large ore carrier Stellar Daisy and its 22 crew members after losing contact with the vessel in the South Atlantic about 1,500 miles off the coast of Uruguay, South Korea's foreign ministry said Sunday.
Seven more container shipping lines, including OOCL and ZIM, have offered to cut terminal handling charges in China, the Xinhua News Agency reported.