The United States exported 794,537 net tons of steel in April, a 2.5 percent increase from March, but a year-over-year drop of nearly 6 percent.
The 9,742-TEU containership COSCO Shipping Panama began its historic passage through the expanded waterway, construction of which began back in 2007, Sunday morning.
The U.S. Department of Transportation is looking into how delays at ports and other loading and unloading facilities may be affecting driver compliance with hours-of-service rules designed to increase safety.
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COSCO Pacific, the port terminal operator arm of Chinese conglomerate COSCO Group, will pay 125.4 million euros ($143 million) for a 35 percent equity interest in the Europe Container Terminals facility at the Maasvlakte I area of the Port of Rotterdam.
The proposed ocean carrier alliance will include Hapag-Lloyd of Germany; Japan's MOL, NYK and "K" Line; Taiwan-based Yang Ming; and South Korean line Hanjin, and could potentially add Dubai-based UASC and Korea's HMM down the road.
The line will allow Dachser to provide real-time rates to its shipper customers through CargoSphere’s Rate Mesh network.