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Daewoo Shipbuilding will build more mega-ships for the Danish ocean carrier, according to recent media reports.
Container derivatives broker at Freight Investor Services in London cites reports that Maersk is cutting rates to Europe.
U.S. rates dropped, but transpacific carriers plan significant rate increases in June and July.
Trade Promotion Authority gives the White House more freedom to negotiate major free trade agreements with Pacific Rim and European partners.
Cuba has pent up demand for trade and U.S. companies are eager to tap a new export market.
The Senate approved another short-term extension to continue funding highway, bridge and transit projects.