The German ocean carrier said its merger with UASC will create the world's fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.
The Government Accountability Office has denied a competitor's protest that the U.S. Transportation Command improperly awarded a contract to operate a major military port.
The port terminal operator division of China COSCO Shipping Corp. posted net profits attributable to equity shareholders of the company of $171.9 million on revenues of $275 million, year-over-year declines of 8.1 percent and 0.6 percent, respectively.
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Chinese authorities have said that containers from certain countries shall be subject to effective anti-mosquito treatment in order to prevent the virus from spreading, which has left many shippers concerned.
The Bay Area-based technology company Crux Systems is seeking to provide drayage providers and shippers with better visibility into the movement of containers through marine terminals.
Ocean carrier MSC has started investing in TRAXENS, a French start-up that produces technology for ocean container tracking.