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Price tag for Singapore-based APL Logistics is significantly higher than the $750 million first mooted when NOL announced in August that it was exploring a sale or IPO.
Justice Department said sentence is first against an executive in its roll-on/roll-off shipping investigation.
Analysts from IHS Maritime & Trade predict continued increases in fatal incidents in both the shipping and passenger sectors.
On-time performance is being hampered by congestion at West Coast ports.
DHS funding crisis means the agency will have to focus resources on border security, cargo clearance
The revised agreement would allow collaboration on congestion, transportation infrastructure needs and pollution mitigation.