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The asset-light transportation and logistics service provider has extended its existing credit facility from $550 million to $700 million through 2019.
The National Transportation Safety Board will still seek to locate the TOTE Maritime Puerto Rico ship and recover the "black box" voyage data recorder.
CSAV and Kühne Maritime will double down on their investments in the German container line by each investing an additional $50 million.
The fund will be held and administered by the Seamen’s Church Institute, North America’s largest mariners’ service agency, following the structure put in place by TOTE.
The entire investigation into the loss of TOTE Maritime Puerto Rico ship will take 12-18 months, but the NTSB will release findings on an "as needed" basis in advance of its final report.
The national mail carrier of Singapore and aspiring global logistics provider has agreed to purchase a 71.1 percent share in Jagged Peak, Inc. for $15.8 million.