Schenker AG names new CFO, while TIACA appoints European Shippers' Council chairman to its board.
A ship carrying liquefied natural gas (LNG) from the United States became the first LNG carrier to pass through the enlarged Panama Canal on Monday.
The independent containership owner and manager reported profits of $36.4 million on revenues of $224.3 million for the second quarter of 2016.
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Industry leader Maersk Line, along with MSC and 13 other container lines, might not be subject to further penalties stemming from a five-year European Commission probe, according to a report from Reuters news service.
Claudio Bozzo, chief operating officer of liner carrier Mediterranean Shipping Company, joins the World Shipping Council board.
After a weak first quarter in 2016, east-west capacity rebounded slightly in advance of the traditional summer peak season, but overcapacity, decreased volumes and low rates continued to drive carriers into the ever-changing alliance game.