Federal Maritime Commission Chairman Mario Cordero said one of the items that has been on his agenda since becoming chairman in 2013 is to have a better funded and better resourced Federal Maritime Commission.
The Baltic Exchange Ltd. entered into exclusive talks with the Singapore Exchange Ltd., following an "attractive" proposal from the Asian bourse.
The inland river port handled 180,328 tons of waterborne cargo in April, a 23 percent year-over-year increase, the port said.
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The 4,650-TEU Safmarine Meru, the first ship on the 2M Alliance's new TP18/Lone Star Express service, had only 400 containers on board, while the other ship, the Northern Jasper, was off-hire, according to Maersk Line officials.
The world's second largest ocean carrier will use software provider INTTRA's eVGM solution to provide a portal for submission of verified container weight data ahead of the International Maritime Organization's July 1 deadline.
The proposed alliance would become a dominant player in the three major east-west trades, beating out total capacity currently offered by the 2M Alliance on those trade lanes, according to an analysis from BlueWater Reporting.