The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
Commissioner William P. Doyle of the U.S. Federal Maritime Commission voted in favor of requesting additional information from the four shipping companies planning to create the Ocean Alliance.
The South Korean ocean carrier submitted a financial improvement plan to the state-run Korea Development Bank Thursday, but did not reveal details on the plan.
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JLL hires former Walmart executive as VP of retail/e-commerce distribution, while the Port of Oakland elects board president and the Vancouver Fraser Port Authority's CFO to retire.
The U.S. Department of Transportation announced the appointment of 29 new members to the Marine Transportation System National Advisory Committee.
Rolf Habben Jansen, the chief executive officer of ocean carrier Hapag-Lloyd, said he believes consolidation in the shipping industry resulting from deals such as Monday’s merger agreement between Hapag-Lloyd and UASC will benefit the container industry.