The executive arm of the European Union has been mandated to begin negotiations with the United Kingdom following the county's "Brexit" vote to leave the union.
Japanese ocean carrier Mitsui O.SK. Lines in March agreed to purchase 2,000 40-foot (FEU) and 200 20-foot (TEU) refrigerated containers, MOL said in a statement Friday.
Port congestion issues in early 2015 brought the often chaotic process surrounding detention and demurrage fees into sharp focus, but where where shippers saw pesky and sometimes unfair ad hoc charges, technology providers saw an opportunity.
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New Jersey Governor Chris Christie said removal of the bridge’s lower roadway means larger ships will be able to call container terminals in Newark, Elizabeth and Staten Island.
Certain provisions of the merger agreement would have "jumped the gun" by allowing NYK, MOL and "K" Line to share competitively sensitive information or prematurely combine, according to the Federal Maritime Commission.
The boards of both Maersk Line and the Oetker Group, which owns Hamburg Süd, approved the sale and purchase agreement today.