The Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act is sponsored by U.S. Sens. Roy Blunt, R-Mo., and Mark Warner, D-Va.
London-based Shipamax, a participant in the logistics technology accelerator Dynamo's initial program last year, is aiming to digitize dry bulk broker processes.
The Senate Commerce Committee cited "labor-related concerns" with the Federal Maritime Commission's pilot supply chain information portal project, but said supply chain innovation teams will continue work this summer, focusing primarily on U.S. exports.
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The troubled Taiwanese ocean carrier plans to raise more capital next month after reporting higher revenues and container volumes.
In segments described as liner or containership operations, NYK, MOL and “K” Line reported a combined loss of 77 billion yen (U.S. $691 million) for the fiscal year ending March 31, 2017, resulting from historically low freight rates.
Certain provisions of the merger agreement would have "jumped the gun" by allowing NYK, MOL and "K" Line to share competitively sensitive information or prematurely combine, according to the Federal Maritime Commission.