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Reports allege that hundreds of tons of sodium cyanide were illegally stored at the site of explosion.
The industry research and analytics firm forecast more than 30 percent growth in trade between North America and Europe and China and Vietnam.
Central Gulf and later International Shipholding founder's successful career in the U.S.-flag shipping industry spanned 60 years.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.