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A.P. Moller Maersk reported a record-setting $1.6 billion in profits for the first quarter, thanks in part to Maersk Line profits of $714 million.
Daewoo Shipbuilding will build more mega-ships for the Danish ocean carrier, according to recent media reports.
The International Longshore and Warehouse Union said 82 percent of its members voted in favor of ratification.
“Every participant in the supply chain will have a role to play” in solving congestion issues, according to a new report from carrier group World Shipping Council.
The first of seven groups will meet early next month to discuss issues surrounding the upcoming peak season.
Profits at the logistics and trade compliance software provider grew faster than revenues thanks to the company's focus on building its Global Logistics Network.