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Wei Jiafu, former chief executive officer of COSCO, has been named CEO of a Pasadena, California-based company called Apollo Acquisition Corp.
Overall cargo shipments through the St. Lawrence Seaway declined this season, however U.S. grain shipments are thriving.
Federal Maritime Commissioner Doyle and shipper groups say they want more details on the Port of Oakland's plan to help relieve congestion by opening facilities on Saturdays and charging peak usage fees.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
The Malaysian shipping company increased group profits by over 27 percent in the first six months of the year despite a 1 percent dip in overall revenues.
The ocean carrier joined Evergreen Line's APG service between Asia, the Indian Subcontinent and the Middle East with the Aug. 24 sailing of the Ever Libra from Shanghai.