The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.
Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.
The truckload transportation and logistics provider’s net income for the quarter tumbled 20.3 percent to $16 million compared with the same 2016 period even as revenues grew 3.8 percent to just over $501.2 million.
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After taking the consumer market by storm, the famed electric automaker will attempt to break into the commercial truck market later this year with an all-electric semi truck, founder and CEO Elon Musk said in a tweet yesterday.
The mid-Atlantic port handled 232,148 TEUs for the month, with loaded container imports growing 9.5 percent and loaded exports up 3.3 percent from the previous March, according to the most recent figures from the Virginia Port Authority (VPA).
Bipartisan legislation was reintroduced last week to address deficiencies in the Transportation Security Administration’s (TSA) efforts to protect rail, transit, highway, and maritime passenger and freight transportation.