David Kersten, an analyst from the investment bank Jefferies, told Bloomberg in an interview the most likely scenario is that Maersk would take over the assets of the South Korean liner carriers.
Aviation industry officials and governments are expected to finalize a global climate change agreement at the International Civil Aviation Organization's 39th Assembly in Montreal, which begins today, according to the Air Transport Action Group.
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
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The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
A bankruptcy court in Newark, N.J. will hear requests for modifications as Hanjin Shipping’s biggest shareholder, Korean Air Lines, has postponed a decision to provide cash to the carrier.
The master developer and regulator of ports and industrial zones in Abu Dhabi saw a boost in net profits and revenues for the first half of 2016, and the amount of new land leased at the Khalifa Industrial Zone rose by 50 percent from a year ago.