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U.S. Naval Forces Central Command has begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz.
A.P. Moller Maersk reported a record-setting $1.6 billion in profits for the first quarter, thanks in part to Maersk Line profits of $714 million.
The third-party logistics provider also cut its first quarter loss in half.
French ocean carrier will commence transatlantic operations on a new joint pendulum service with Hamburg Sud and UASC this month.
Container volumes at the Port of Baltimore decreased 8.8 percent compared to April 2014, according to the latest figures from the Maryland Port Administration.
A fire broke out on the Marshall Islands-flagged Purple Beach, causing the crew to evacuate due to toxic gas and fears of explosion.