Through its subsidiary MOL Information Systems, the Japanese ocean carrier will conduct a joint study on the analysis and use of big data in ocean shipping with Yokohama National University.
The U.S. Transportation Department’s Federal Highway Administration said it will release $14.2 million in grants to a total of seven states through a grant program that was established by the Fixing America’s Surface Transportation (FAST) Act.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
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Representatives from the U.S. Embassy in Beijing met with the director general of China's Inspection and Quarantine Ministry to gain more information about how shippers can comply with China’s requirement that shipments from the nation be mosquito-free.
The future of South Korea’s largest container shipping company looks grim, with numerous media outlets reporting lenders are refusing to extend the company additional credit.
The ocean carrier alliance will void one sailing each on its Central China 4 (CC4) and South China 2 (SC2) services between Asia and the United States West Coast in response to “expected low demand in October,” member OOCL said in a statement.