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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Hyundai Heavy Industries Group is pushing ahead with new investments, and plans to more than double its number of researchers in the wake of its official split into four separate companies.
The U.S. Gulf Coast port is looking to balance out its container import/export imbalance, and leverage its intermodal connections.
However, export volumes during the month fell 5.3 percent from March 2016 as shipments to overseas markets experienced headwinds from the strong U.S. dollar.