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Meanwhile, maritime consultant Drewry said it believes the sale of G6 Alliance member APL's parent company Neptune Orient Lines is unlikely at this time, despite the line being a "habitual loss maker."
With 10 days to go until funding for highway and transit programs runs out, a motion to proceed with debate was defeated as Democrats claimed they hadn’t been given enough time to read the details of the 1,030-page multi-year bill unveiled Tuesday morning.
Neptune Orient Line, the parent company of ocean carrier APL, said it remains focused on its core liner business.
The MacArthur Lock, one of the two actively used locks that enable ships to travel between Lake Superior and the lower Great Lakes, will be closed for at least 10 days due to a malfunctioning gate.
Brent crude, considered by most analysts to be the global benchmark for oil prices, fell below $50 a barrel for the first time since January amid slowing demand growth and growing global oversupply.
The Maritime Administration's hoarding of proceeds from vessel sales, refusal to distribute maritime heritage grant funds and continued stonewalling of FOIA requests presents a troubling picture. And it’s not one of a transparent agency.