Ocean carrier CMA CGM of France announced new Freight All Kinds tariffs on multiple trades.
The South Korean ocean carrier has reached a deal with containership charterers and other creditors, according to Korean media outlets.
The liquefied national gas (LNG) terminal has been expanded to include a third berth for small LNG vessels, which will enable distribution to LNG terminals in other ports in the North Sea and Baltic where large LNG tankers are prohibited to transit.
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Meanwhile, the A.P. Møller - Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the second quarter of 2015.
Turkish port operator Yilport Holding secured a 50-year concession to develop Puerto Bolívar Port and committed to invest $750 million in the Ecuadorian port.
Officials at the Port of Virginia said they can expand barge service to help liner carriers streamline port networks, but the Port of Baltimore said it has advantages that appeal to carriers and shippers.