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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Chinese conglomerate HNA Holding Group Co. offered to purchase CWT Ltd. for 1.4 billion Singapore dollars (U.S. $995 million).
Bureau Veritas promotes senior executive vice president, while Greenville & Western Railway Co. appoints general manager and manager of mechanical and transloading, and Glander International Bunkering hires two new traders in Mumbai.
U.S. Customs and Border Protection is ready to follow through on President Trump’s directives to whittle down the number of regulations on the books, but CBP Acting Commissioner Kevin McAleenan assured that facilitating trade flows will remain a priority.