Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International Chamber of Shipping.
The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the company’s most recent financial statements.
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
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President Donald Trump threatens to impose a tax of up to 20 percent on Mexican imports as part of a plan to construct a wall between Mexico and the United States.
Two Floridian ports changed plans on inking deals with the Cuban government after Florida Gov. Rick Scott said he would recommend restricting state funds for ports that work with Cuba.
The U.S. Justice Department said Friday that 11 individuals and one foreign company have been charged by the Treasury Department for their role in illegally exporting goods to Syrian Arab Airlines.