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The National Transportation Safety Board will still seek to locate the TOTE Maritime Puerto Rico ship and recover the "black box" voyage data recorder.
Chinese leader Xi Jinping, whose agenda in the U.S. includes commercial issues, Wednesday met with CEOs from Boeing, Apple and Cisco in Seattle on his way to visit President Obama in Washington, D.C. on Friday.
CSAV and Kühne Maritime will double down on their investments in the German container line by each investing an additional $50 million.
The Danish firm's acquisition of UTi is the latest in a string of international mergers in the 3PL industry this year.
The Israeli ocean carrier recently returned to the black, posting adjusted net profits of $23 million in the second quarter of 2015 compared with a net loss of $50 million the previous year.
With more tonnage to be delivered next year, London-based shipping consultant Drewry says "the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009."